Secura wins S$6.7 million security services contract from SBS Transit
SINGAPORE, 6 January 2017 – Secura Group Limited (新保安集团有限公司) (“Secura” or the “Company” and together with its subsidiaries, the “Group”), one of the leading providers of security products, services and solutions in Singapore, today announced that Soverus Pte Ltd (新保安私人有限公司) (“Soverus”), its wholly-owned subsidiary, has been awarded a S$6.7 million security services contract by SBS Transit DTL Pte Ltd (“SBS Transit”).
The three-year contract is for the provision of unarmed security services at certain of SBS Transit’s premises. The contract is effective for the period from 1 March 2017 till 29 February 2020.
Mr. Paul Lim (林春伟), Chief Executive Officer of Secura said, “This is our second significant contract win in less than four months, which seals Soverus’ established position in the security services industry for its expertise and high service standard. With security threats on the rise, organisations are strengthening their security infrastructure and capabilities, and setting aside the necessary budget to do so. We believe this presents opportunities for us as we continue to leverage on our track record and integrated security service offerings to cater to the increasing security requirements of business and property owners.”
In September 2016, Soverus won a S$7.9 million security services contract from Singapore Telecommunications Limited (“SingTel”). The two-year Singtel contract, effective from October 2016 to September 2018, comprises S$7.2 million for the provision of unarmed security guarding services at certain SingTel premises, and a provisional amount of S$0.7 million for the provision of additional security services.
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ABOUT SECURA GROUP
Secura Group Limited (新保安集团有限公司) is one of the leading providers of an integrated suite of security products, services and solutions based in Singapore. The Group was formed through a merger of two groups of companies – the Secura group of companies that provides security printing services, and the Soverus group of companies that provides security consultancy and other services.
Through the Secura group of companies, the Group owns one of the largest cheque printing businesses in Singapore. The Group’s other security services are undertaken by the Soverus group of companies, which offers security guarding, cyber security, homeland security, and other security products and services.
As a security agency with an established track record, the Group has consistently been awarded ‘A’ Grading (Excellent) by the Police Licensing & Regulatory Department from 2012 to 2016. The Group has a well-diversified customer base comprising more than 550 customers in various industries, including multinational corporations, financial institutions and government agencies.
Secura’s substantial shareholders include, among others, Mr Peter Lim, Mr Wee Ee Chao and City Developments Limited.
This press release has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, United Overseas Bank Limited (the “Sponsor”), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the “SGX-ST”). The Sponsor has not independently verified the contents of this press release.
This press release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.
The contact person for the Sponsor is Mr Chia Beng Kwan, Senior Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, telephone: +65 6533 9898.