Shares of SU Group Holdings Limited (NASDAQ:SUGP) surged 125% in pre-market trading following news that the Hong Kong-based security engineering firm has landed the largest deal in its corporate history.
Valued at $11.3 million (HK$88.5 million), the newly awarded contract involves deploying an advanced suite of security and monitoring technologies as part of a large-scale hospital expansion in Hong Kong. The scope includes installation of IP-based public address systems, closed-circuit television (CCTV), access control systems, and a range of other integrated smart infrastructure elements tailored for modern healthcare environments.
SU Group plans to begin recognizing revenue from the project starting in the fourth quarter of 2025. The agreement highlights the company’s increasing emphasis on healthcare infrastructure as a growth avenue, aligning with its strategic focus on providing sophisticated urban security and monitoring solutions.
“We are proud to be part of the team supporting this major hospital expansion and upgrade, focused on improving several strategic, operational, safety, and regulatory areas,” said Dave Chan, Chairman and CEO of SU Group. “This contract marks a significant milestone for SU Group, showcasing our growing reputation and capabilities in delivering high-value, mission-critical security engineering projects.”
The landmark contract underscores SU Group’s technical strength in the rapidly evolving smart security sector, particularly as hospitals and public institutions increasingly adopt cutting-edge systems to enhance safety, compliance, and operational efficiency.
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