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Contract wins: King Wan and OKP

The Edge Singapore
The Edge Singapore • 1 min read
Contract wins: King Wan and OKP
King Wan and OKP's order books hit $154.5 million and $360.8 million respectively
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King Wan Corporation has won mechanical and electrical contracts worth a total $29.6 million between April and Sept, bringing its total order book to $154.5 million.

The projects for these contract wins are largely public housing estates that are slated for completion between 2022 and 2026.

“Our clients had continued to believe in our ability to deliver value that exceed their expectations,” says managing director Chua Eng Eng.

Separately, OKP Holdings announced it has bagged another contract from PUB worth $39.9 million for drainage improvement works at the Benoi Road outlet drain.

As such, OKP’s total order book has hit $360.8 million.

OKP has been winning a slew of contacts from PUB.

See also: Construction demand to rise to $38 billion in 2024: BCA

On Sept 15 and Aug 30, OKP announced it won contracts worth $57.2 million and $49.6 million respectively.

“We are encouraged by the trust and confidence shown in our drainage/sewage expertise and will focus on the smooth delivery of all projects,” says managing director Or Toh Wat.

King Wan closed Nov 8 at 5.1 cents, up 4.08%; OKP last traded at 19 cents.

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