Willowglen MSC (KLSE:WILLOW) unit Willowglen Services bagged a deal worth 86.5 million ringgit from the Land Transport Authority, Singapore, according to a Wednesday Malaysian bourse filing.
Shares slid about 2% in Thursday's midday trade.
The deal is for the replacement of the traffic and communications system for expressways.
Deal works are expected to be completed by July 2, 2029, it said.