A sale and purchase agreement (SPA) was entered into with Fire-Guard Engineering and its shareholders, Low Chin Ban, Chee Teow Siong, Lim Teck Seng, Wong Wen Hsing and Chee Yen Ming on Jan 17.
Ever Glory United has agreed to acquire Fire-Guard Engineering for a base consideration of up to $4.2 million.
Fire-Guard Engineering is a sub-contractor that specialises in fire protection services. It also provides services including design, supply, installation, testing, commissioning and maintenance of fire protection systems with a Building and Construction Authority (BCA) grading of L5 which has a tendering limit of $16 million.
