Company Name |
FAVELLE FAVCO BERHAD |
Stock Name |
FAVCO |
Date Announced |
25 Sep 2026 |
Category |
General Announcement for PLC |
Reference Number |
GA1-25092026-00007 |
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") |
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.
This announcement is dated 25 September 2026.