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King Wan gets four M&E projects worth S$43.3m

MAINBOARD-LISTED King Wan Corporation announced on Tuesday it has secured four new mechanical and electrical (M&E) projects in Singapore during November-December 2014, worth a total of S$43.3 million.

This brings the current order book to S$209 million.

The projects will start within the next six months and are scheduled to be completed by 2018.

They are for a plumbing, sanitary and gas systems installation at Jewel Changi Airport; a sanitary, plumbing, gas, rainwater, wet/dry riser and fire hosereel systems installation for a 1,746-unit public housing development; a sanitary, plumbing, gas, rainwater, dry riser and fire hosereel systems installation for a public housing development; and an aircon and mechanical ventilation system installation for a proposed 1,327-unit executive condominium project.

sentifi.com

Market voices on:

King Wan will continue to focus on providing a suite of M&E engineering services to enhance its competitive edge to undertake larger and more complex building projects, it said.

Before the announcement was made on Tuesday, King Wan's shares closed flat at S$0.30.

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