Noel Gifts International Ltd, a Singapore-based company specializing in gifting solutions, has announced a major win with a contract worth an estimated S\$7.63 million. The deal, awarded by the Prime Minister’s Office – Strategy Group, involves the supply, packaging, storage, and distribution of Family Packs, with delivery scheduled for 2025.
This contract is poised to significantly bolster Noel Gifts’ financial performance over the fiscal years ending June 30, 2025, and June 30, 2026. With a project of this magnitude, shareholders and investors may see this as a key growth driver for the company, potentially influencing its stock value positively.
Importantly, the company has clarified that none of its directors or controlling shareholders have any direct or indirect interest in the contract, aside from their shareholdings in the company. This transparency ensures no conflict of interest, giving shareholders confidence in the integrity of the deal.
The announcement of this contract win comes as a strategic milestone for Noel Gifts, aligning with its broader vision of expanding its service capabilities and market presence. The award signifies trust from a high-profile government entity, further solidifying the company’s reputation as a reliable partner.
