In a briefing on Jan 6, Sanli’s CEO Sim Hock Heng indicated that the PUB is the client involved, and that the project in contention, worth $72.67 million, was awarded in July 2021 for the construction and commissioning of new disinfection systems at Johor River Waterworks (JRWW), located at Kota Tinggi, which, for historical reasons, is operated by PUB.
In the second half of last year, Sanli Environmental was attracting more trading interest, thanks to a growing order book that reached a record $781.5 million amid a buoyant market that has filtered down from blue chips to small and mid caps. Taking advantage of a rising share price, Sanli made two rounds of share placements, first at 12 cents each last July and the other at 26 cents on Dec 1, 2025. In total, the company raised more than $14 million to help fulfil the new orders and became one of the counters for investors to track this year.
However, barely into the new year, on Jan 5, the company announced that it had received a letter on Dec 31, 2025, from a major customer demanding liquidated damages. According to Sanli’s filing on the local bourse, the damages arose from completion delays of certain phases of a project secured by Sanli during the Covid-19 pandemic.
