800 Super wins S$160.6 million Public Waste Collection Contract for Ang Mo Kio – Toa Payoh sector in Singapore.
- 800 Super’s subsidiary re‐appointed to provide waste collection services to the Ang Mo Kio – Toa Payoh Sector
- The S$160.6 million contract is an affirmation and recognition of the quality of services that the Company has been providing
SINGAPORE, 6 August 2013, Catalist‐listed environmental services provider 800 Super Holdings Limited (“800 Super” or the “Company” and together with its subsidiaries, the “Group”) would like to announce that its wholly‐owned subsidiary, 800 Super Waste Management Pte Ltd, has been awarded a public waste collection licence by the National Environmental Agency (“NEA”) for the provision of waste collection services to domestic and trade premises in the Ang Mo Kio – Toa Payoh Sector in Singapore (the “Licence”).
The Licence, with an aggregate contract value of approximately S$160.6 million, will take effect from 1 January 2014 to 30 September 2021, for a total period of 7 years and 9 months (the “Contract”). Mr Lee Koh Yong, Chairman of 800 Super commented: “The re‐appointment of this public waste collection contract is not only a recognition of our competitive pricing, but also an affirmation and recognition of the quality of the waste management and recycling services that we have been providing. Our dedicated team will continue to provide the most cost‐efficient and valued services for all our customers.”
800 Super is one of the four NEA‐approved solid waste management providers in Singapore, and has been providing waste collection services to the Ang Mo Kio – Toa Payoh Sector since their appointment in 2006.
The award of the Licence is expected to contribute to the revenue of the Group over the stipulated 7 years and 9 months duration of the Licence and have a material positive impact on the earnings per share and net tangible assets per share of the Group for the current financial year ending 30 June 2014. None of the Directors or controlling shareholders of the Company any interest, direct or indirect, (other than their shareholding in the Company) in the abovementioned Licence.