SINGAPORE (Nov 13): King Wan Corporation has secured new mechanical and electrical (M&E) projects in Singapore worth a total of $25.2 million for the 3Q19 from July to September, the company announced on Wednesday.
Including these new projects, the group’s order book stands at $169.4 million.
Some of the major new projects the group has secured include the design, supply, delivery, installation, maintenance including testing and commissioning of air-conditioning and mechanical ventilation (ACMV) services for 22 blocks of residential units at the proposed new erection of 29 Blocks of 12 Storey Condominium Development with 2203 units, comprising of basement carpark, communal facilities and swimming pool at Tampines Street 11.
The group will also be supplying labour, material, trade tools and machineries for the installation, connection, testing & commissioning and maintenance of the whole of sanitary, plumbing, gas, fire hosereel, dry riser and rainwater downpipe system at proposed Public Housing Development with 1086 units, comprising a multi-storey carpark with roof garden, carpark with e-deck, commercial, social community facilities, ESS, BIN CTR, and precinct pavilion at Tampines Street 96.
Another project will see the group involved in the supply, installation, testing and commissioning of sanitary, water and other plumbing installations, gas installation, fire hosereel, dry riser, smart water management system, sanitary wares and fittings at a proposed Public Housing Development with 1193 units, comprising of communal facilities, multi-storey carpark, social-communal facility, ESS, precinct pavilions at Plantation Crescent.
The group will also be installing sanitary, plumbing, gas, rainwater, dry riser, and fire hosereel at a proposed Public Housing Development with 630 units, comprising of multi-storey carpark (with ESS, eating houses, shops, supermarket, senior activity centre and roof garden), community facilities, precinct pavilions at Circuit Road.
These projects are expected to be completed by 2022.
Chua Eng Eng, managing director of King Wan says, “The current order book of $169.4 million has provided high revenue visibility for the Group. We will continue to actively manage operation costs and efficiency during these very challenging times. King Wan is committed to build on its strengths in the M&E business and seize good business opportunities when they arise.”
Shares in King Wan closed at 9.5 cents on Wednesday.
