King Wan Corporation Secures S\$6.4 Million M&E Contract for Public Housing Project

Singapore, 11 February 2026 – King Wan Corporation Limited (“King Wan” or the “Company”), together with its subsidiaries (“the Group”), has announced a significant business development, securing a new mechanical and electrical (M&E) contract valued at approximately S\$6.4 million. This contract was awarded for sanitary, plumbing, and gas installation works in a proposed public housing development at Admiralty Lane, comprising a total of 777 units. The project is expected to be completed by 2029.

Key Highlights of the Announcement

• Contract Value: S\$6.4 million for M&E works, covering sanitary, plumbing, and gas systems for 777 public housing units at Admiralty Lane.
• Project Timeline: Awarded between October to December 2025, with scheduled completion in 2029.
• Financial Impact: The company has stated that this contract is not expected to have a significant impact on earnings per share or net tangible assets per share for the financial year ending 31 March 2026.

Business Overview and Strategic Positioning

King Wan Corporation is a renowned integrated building services provider in Singapore, focusing on mechanical and electrical engineering services for the building and construction industry. Its core competencies include:

• Design and installation of plumbing and sanitary systems
• Electricity distribution systems
• Fire protection and alarm systems
• Communications and security systems
• Air-conditioning and mechanical ventilation systems

The Group also offers ancillary services such as the rental of mobile chemical lavatories and related facilities for construction sites and national events. In addition, King Wan provides end-to-end solutions, integrating digitalisation with recommendations for retrofitting, upgrading, and optimisation works, positioning itself well in the evolving construction landscape.

Diversified Business Segments

Beyond its core M&E engineering services, King Wan maintains an investment portfolio with two other business segments:

• Property Development: Involvement in development, marketing, sale, and rental of residential and commercial properties in China and Thailand.
• Workers Dormitory Operations: Designing, building, and operating purpose-built workers’ accommodations and related facilities.

The Group’s operations span Singapore, China, and Thailand, adopting a multi-country, multi-industry portfolio strategy aimed at diversifying revenue streams and managing investment risk.

Investor Implications

• Contract Wins and Order Book: The S\$6.4 million M&E contract adds to King Wan’s order book and reinforces its reputation as a trusted partner for large-scale public housing projects. This may signal continued operational strength and pipeline visibility, which can be positive for investor sentiment.
• Long-Term Revenue Recognition: Although the immediate financial impact on FY2026 is expected to be minimal, the multi-year nature of the contract supports future revenue stability and may contribute positively to earnings in subsequent reporting periods.
• Strategic Diversification: The Group’s presence in property development and workers’ dormitory operations, alongside its core M&E business, positions it to navigate sectoral and geographic risks, which can appeal to risk-averse shareholders.
• Potential Price Sensitivity: While the contract’s size alone may not move the share price in the near term, the win demonstrates King Wan’s ongoing execution capabilities and pipeline sustainability, which could enhance investor confidence, especially in anticipation of further contract wins or sector upcycles.

Contact Information

For media and analyst enquiries, please contact:
Ms. Ong Ai Ling, Chief Financial Officer
Tel: 6368 4300
Fax: 6365 7675
Email: [email protected]

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own due diligence and consult with their professional advisors before making any investment decisions. The author accepts no liability for actions taken based on this information.

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