ES Sunlogy Bhd, a mechanical and electrical engineering contractor, announced that its Singapore unit, 60%-owned ES Energy Solution Pte Ltd, has secured three electrical works contracts worth S$20.23 million (RM62.51 million) from Win Engineering Pte Ltd.
The contracts include:
-
S$3.02 million for supply and installation of electrical systems at a residential development in Tampines.
-
S$12.77 million for electrical works at Jurong Pioneer Junior College, covering uninterruptible power supply and extra-low voltage systems.
-
S$4.44 million for electrical installations at Ang Mo Kio, including 422 residential units and high linkway construction from Marsiling Grove to Woodlands Street 13. This scope covers electrical installation, telephone wiring, lightning protection, cable TV, external lighting, fire alarms, and temporary electrical works requiring licensed electrical workers.
ES Sunlogy expects the contracts to positively impact the company’s net assets, earnings, and gearing over the contract period.
The company’s shares closed at 24 sen, down 0.5 sen or 2.04%, giving it a market capitalization of RM164.64 million. Year to date, the stock has fallen more than 22%.
