KUALA LUMPUR (Aug 20): Willowglen MSC Bhd (KL:WILLOW) said on Tuesday that it has secured a contract worth approximately RM42.84 million from the Ministry of Education in Singapore for the design, supply and installation of security systems.

In a Bursa Malaysia filing, the computer-based control systems supplier said the contract was awarded to its wholly owned subsidiary Willowglen Services Pte Ltd

The contract, which will commence on Aug 29 this year, will be completed by Feb 28, 2026.

"The contract is expected to contribute positively to the group's earnings and net assets per share for the financial years ending Dec 31, 2024 to 2025.

"The contract is not renewable and the risks in respect of the contract are the normal business risks," said the company.

Shares in Willowglen closed unchanged at 32.5 sen, giving it a market capitalisation of RM161.2 million.