Favelle Favco Bags RM83.7 Mln Tower Crane Supply Contract

KUALA LUMPUR, Nov 10 (Bernama) -- Favelle Favco Bhd’s (FFB) Australia-based subsidiary, Favelle Favco Cranes Pty Ltd, has secured purchase orders and letters of intent worth a combined RM83.7 million to supply tower cranes.

In a filing with Bursa Malaysia, FFB said the contracts were awarded by Marr Contracting Pty Ltd and G A Caelli Holdings Trust, with deliveries expected by the first quarter of 2027 and the end of 2027, respectively.

“The contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending Dec 31, 2026, and beyond but will not have any impact on the company’s share capital and shareholding structure,” it said.

-- BERNAMA