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OTHERS FAVELLE FAVCO BERHAD ("FFB" or "the Company")
- ACCEPTANCE OF PURCHASE ORDERS
FAVELLE FAVCO BERHAD
Type
Announcement
Subject
OTHERS
Description
FAVELLE FAVCO BERHAD ("FFB" or "the Company")
- ACCEPTANCE OF PURCHASE ORDERS
INTRODUCTION
The Board of Directors of FFB is pleased to announce that its subsidiary, Favelle Favco Cranes (M) Sdn Bhd had received the following purchase orders or Letter of Intent ("Contracts") from 17 September 2026 and up to the date of announcement: -
Contracts secured by
Customer
Brief description of the Contracts
Duration of the Contracts
Favelle Favco Cranes (M) Sdn Bhd
Saipem Offshore Construction SPA
Supply of Offshore Crane
which is expected to be delivered by end of 2027
Favelle Favco Cranes (M) Sdn Bhd
Malaysia Marine and Heavy Engineering Sdn Bhd
Supply of Offshore Crane
which is expected to be delivered by end of 2027
Favelle Favco Cranes (M) Sdn Bhd
OceanMight Sdn Bhd
Supply of Offshore Crane
which is expected to be delivered by third quarter of 2027
The approximate combined value of the above substantial orders secured amounting to RM88.8 million.
FINANCIAL EFFECTS
The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2026 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB.
DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above Contracts.
DIRECTORS' STATEMENT
The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts is in the best interest of FFB.