Due to the nature of the group's business, the group does not typically disclose its clients' information or orderbook value.
Under the contract, the integrated security system solution is to be completed no later than Nov 30, 2022. The contract is expected to have a material financial effect to the group's FY2022 ended June 2022 results.
See also: CLI's China REIT to list by end of year; to raise $375 million issuing 400 million units
Kelvin Lim, executive director and CEO of IPS Securex says, "Despite the ongoing challenges posed by the Covid-19 pandemic, we continue to engage with our customers so that we can continue to deliver integrated security solutions that meet their requirements and needs. As countries slowly open up, we are seeing tenders gradually resuming for projects previously on hold, as well as for new projects.”
For more stories about where the money flows, click here for our Capital section
See also: Dezign Format closes at 28 cents on debut trading day
Shares in IPS Securex closed at 5.5 cents on Nov 2.
Photo: The Edge Singapore/ Albert Chua
