UUE Holdings Berhad announce that its wholly-owned subsidiary Konnection Engineering Pte Ltd has secured four letters of award from Hong Kong Stock Exchange-listed Wee Guan Group valued at SGD9.3 million, (approximately RM29.8 million) are in relation to the supply and installation of 400kV power cables, auxiliary cables, and accessories in Singapore.
This brings UUE’s financial year-to-date contract wins to RM127.9 million, further strengthening its order book and providing solid earnings visibility over the next two to three years.
Across all four subcontracts, for which SP PowerAssets Limited is the principal, Konnection is tasked with installing all necessary materials, labour to undertake horizontal directional drilling works for the installation of high-density polyethylene pipes, in full compliance with SP PowerAssets Limited’s contract specifications. The works, expected to be completed by December 2028, are expected to contribute positively to UUE’s earnings and net assets throughout its duration.
