OTHERS HANDAL RESOURCES BERHAD ('HRB' or 'the Company') - Handal Resources Berhad's Subsidiary, Handal Offshore Services Sdn. Bhd. ('HOSSB') Received Two Fabrication Contracts Valued In Aggregate At RM7.3 Million

HANDAL RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description
HANDAL RESOURCES BERHAD ('HRB' or 'the Company')
-	Handal Resources Berhad's Subsidiary, Handal Offshore Services Sdn. Bhd. ('HOSSB') Received Two Fabrication Contracts Valued In Aggregate At RM7.3 Million

The Board of Directors of Handal Resources Berhad (‘HRB’ or ‘the Company’) is pleased to inform that the Company’s wholly owned subsidiary, Handal Offshore Services Sdn Bhd ('HOSSB') has on 18 April 2018 accepted the award of two contracts from Sapura Fabrication Sdn Bhd for the fabrication, supply and delivery of two units of pedestral cranes for the aggregate value of RM7.3 million (excluding GST) (‘the Supply Contract’).  The pedestral cranes are to be delivered by December 2018.

 

The Supply Contract is expected to contribute positively to HRB Group’s earnings for the financial year ending 31 December 2018.

 

The risks associated with the Supply Contract are normal operational risks which can be mitigated through HRB system of project management and internal business controls.

 

None of the Directors or major shareholders of the Company and persons connected with such Directors or major shareholders have any interest in the Supply Contract.

 

This announcement is dated 19 April 2018.






Announcement Info

Company Name HANDAL RESOURCES BERHAD
Stock Name HANDAL
Date Announced 19 Apr 2018
Category General Announcement for PLC
Reference Number GA1-19042018-00072