The board of directors of Mun Siong Engineering Private Limited and its subsidiaries announced the company has been awarded a term maintenance contract from a new customer, Jurong Aromatics Corporation Pte Ltd. They are building a green field world-scale aromatics complex on Jurong Island in Singapore. The company is a provider for the provision of specialised maintenance services to JAC. The contract period is for 32 months with an option for further extension.

The contract will add to the company's stream of recurrent income. With this new term maintenance contract that the company has secured with JAC, it has brought the total number of recurring term maintenance contracts for the group to eight. The company is unable to disclose the value of the contract for confidentiality and competitive reasons.

Barring any unforeseen circumstances, this contract is expected to contribute positively to the company and group but is not expected to have any material effect on the earnings per share and net tangible assets per share of the company and group for the financial year ending December 31, 2013.