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FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

Willowglen gets RM8.5m contract from TNB

WILLOW
TENAGA
WILLOW
Original Source From TheEdge Publish at Thu, 23 Jul 2020, 06:41AM

KUALA LUMPUR (July 23): Willowglen Msc Bhd has been awarded a contract worth RM8.5 million from Tenaga Nasional Bhd for the supply, installation and testing of field terminal units for its distribution automation project.

The contract commenced on July 22 and is expected to be completed by Jan 20, 2024, the technology solutions provider said in a filing today.

“The contract is expected to contribute positively to the group’s earnings and net assets per share for the financial years ending Dec 31, 2020 to 2023,” it said.

Shares of Willowglen closed one sen or 1.03% lower at 48 sen today, for a market capitalisation of RM233.18 million.

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