Back 14 Jul 2025

King Wan Secures S$28.3 Million in New M&E Contracts, Strengthening Order Book Through 2028

Link: https://links.sgx.com/1.0.0/corporate-announcements/5IYD9GX53YRBTETY/99a9854b0dfca57fcecf024a85b956e1b8b5a4c21c9ae293a737882aa4494510

Summary:

  • Awarded three new mechanical & electrical (M&E) contracts between April and June 2025, totaling about S$28.3 million.

  • Projects include:

    • Sanitary, plumbing & gas works for 188-unit residential flats at Beach Road / Nicoll Highway.

    • Air-conditioning & mechanical ventilation works for a food factory at Kallang Way.

    • Plumbing, sanitary & rainwater downpipe works for 320 landed homes across Luxus Hill developments (Phase 11 & 12).

  • All contracts are scheduled for completion in 2028.

  • Expected to have no significant impact on FY2026 EPS or NTA per share.

  • King Wan continues to diversify across M&E engineering, chemical lavatories rental, property development, vessel chartering, and workers dormitory operations in Singapore, China and Thailand.