KUALA LUMPUR (Feb 7): Willowglen MSC Bhd has bagged an RM11.92 million contract from SP PowerAssets Ltd in Singapore for comprehensive maintenance of a fence intrusion detection system.

In a bourse filing, Willowglen said the contract was awarded to its wholly-owned subsidiary, Willowglen Services Pte Ltd.

The commencement date of the contract is Monday (Feb 7) and will end on April 6, 2028.

The contract is expected to contribute positively to the group’s earnings and net assets per share for the financial years ending Dec 31, 2023 (FY2023) to 2028.

Willowglen's shares price rose 0.5 sen or 1.28% to close at 39.5 sen, giving it a market capitalisation of RM196 million.