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NewsFFB bags purchase orders of RM120.7m
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FFB bags purchase orders of RM120.7m
by Cals Fri 20 Sep 2013, 22:37
FFB bags purchase orders of RM120.7m
Business & Markets 2013
Written by Jeffrey Tan of theedgemalaysia.com
Friday, 20 September 2013 18:15
KUALA LUMPUR (Sept 20): FAVELLE FAVCO BHD [] has announced that it had secured RM120.7 million worth of purchase orders or Letter of Intent (contracts) from several customers via its wholly owned subsidiaries in August and September.
In a statement to Bursa Malaysia, the crane specialist via its wholly owned units Favelle Favco (M) Sdn Bhd and Favelle Favco Cranes Pte Ltd have secured contracts from Thai Nippon Steel & Sumikin Engineering & CONSTRUCTION [] Corp. Ltd., PPL Shipyard Pte Ltd, BP Exploration (Shah Deniz) Limited and China Merchants Heavy Industry (Jiangsu) Co. Ltd.
“The approximate combined value of the substantial orders secured amount to RM120.7 million,” said FFB.
“The contracts are expected to contribute positively to the earnings and net assets of our group for the financial year ending Dec 31, 2013 and beyond.”
Business & Markets 2013
Written by Jeffrey Tan of theedgemalaysia.com
Friday, 20 September 2013 18:15
KUALA LUMPUR (Sept 20): FAVELLE FAVCO BHD [] has announced that it had secured RM120.7 million worth of purchase orders or Letter of Intent (contracts) from several customers via its wholly owned subsidiaries in August and September.
In a statement to Bursa Malaysia, the crane specialist via its wholly owned units Favelle Favco (M) Sdn Bhd and Favelle Favco Cranes Pte Ltd have secured contracts from Thai Nippon Steel & Sumikin Engineering & CONSTRUCTION [] Corp. Ltd., PPL Shipyard Pte Ltd, BP Exploration (Shah Deniz) Limited and China Merchants Heavy Industry (Jiangsu) Co. Ltd.
“The approximate combined value of the substantial orders secured amount to RM120.7 million,” said FFB.
“The contracts are expected to contribute positively to the earnings and net assets of our group for the financial year ending Dec 31, 2013 and beyond.”
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