SINGAPORE (May 28): King Wan has secured new mechanical and electrical (M&E) projects in Singapore worth a total of $25.9 million for the period from January to March 2019.
Of the new projects secured, one is the design and build of air-conditioning & mechanical ventilation and building management system works at a proposed erection of a nine-storey business park building, a four-storey business park building and two basement carparks at One-North Avenue.
The second is for the design, supply and installation of air-conditioning & mechanical ventilation system at a proposed residential flat development at Silat Avenue, comprising two blocks of 56-storey apartments, with 998 units, as well as multi-storey and basement car packs and communal facilities.
The third contract is for the proposed air-conditioning & mechanical ventilation upgrading works to passive displacement ventilation system for existing south spine buildings in Nanyang Technological University.
These projects are expected to be completed by 2022.
Chua Eng Eng, managing director of King Wan, says, “The group has maintained its versatility in undertaking M&E projects that require different skill sets. Our clients had continued to believe in our ability to deliver value that exceed their expectations. The current order book of $160.6 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 12 cents on Tuesday.
