Business
SU Group Wins 2-Year Security Guarding Bid with One of the Largest Private Property Asset and Facility Management Groups in Hong Kong
HONG KONG, March 7, 2024 /PRNewswire/ -- SU Group Holdings Limited (Nasdaq: SUGP) ("SU Group" or the "Company"), an integrated security-related engineering
About this update from Su Group Holdings Limited
[{"type":"text","content":"HONG KONG, March 7, 2024 /PRNewswire/ -- SU Group Holdings Limited (Nasdaq: SUGP) (\"SU Group\" or the \"Company\"), an integrated security-related engineering services company in Hong Kong, today announced that it has won a 2-year security guarding bid for a property managed by one of the largest private property asset and facility management groups in Hong Kong, initially covering a premier 600-unit urban property spanning 3 city blocks in downtown Hong Kong. \n\n \n \n \n \n \n \n\n \nThe property has been managed by the management group that holds a significant market share of composite residential development assets and manages a total of 100 million square feet of real estate assets. This is their first time outsourcing security guarding service. The parties have signed a letter of intent and the Company intends to begin service on April 1, 2024. The parties are actively working towards finalizing a definitive agreement with respect to the project.\nSecurity guarding solutions encompass a range of services and measures designed to protect people, property, and assets. SU Group's security guarding solutions are customizable based on the specific needs and risks of a particular environment, and they play a crucial role in maintaining a secure and safe atmosphere. These solutions typically involve the presence of trained security personnel to deter, detect, and respond to security threats.\nSU Group's Chairman and CEO, Dave Chan, commented, \"We successfully won this showcase 2-year bid based on our track record of successfully managing high-profile areas, where we have consistently demonstrated our service quality and built both our reputation and credibility. This is the first time security for this prestigious property is being outsourced, which speaks volumes to our established track record of excellence, the high quality of our security solutions portfolio and the strength of our customer relationships. Contracts with premiere asset owners and managers directly align with our growth strategy. By scaling our security solutions across multiple properties, we aim to support and grow alongside these larger customers, gaining crucial visibility and driving overall business growth.\"\nAbout SU Group Holdings Limited\nSU Group (Nasdaq: SUGP) is an integrated security-related services company that primarily provides security-rel...