Favelle Favco Group : Investor Relations

CONTACT | NEWS | CAREER

Announcements

General Announcement

Reference No CU-090804-61680

Submitting Merchant Bank	:	-
Company Name	:	FAVELLE FAVCO BERHAD
Stock Name	:	FAVCO
Date Announced	:	04/08/2009

Type

Announcement

Subject

FAVELLE FAVCO BERHAD ("FFB" or "the Company")
- Acceptance of Purchase Orders

Contents

INTRODUCTION

The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes (M) Sdn Bhd and Favelle Favco Cranes Pte Ltd had accepted the purchase orders ("the Contracts") as set out in the Tables Section below. The approximate combined value of the substantial orders secured amounts to RM54 million.

FINANCIAL EFFECTS

The Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2009 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 Contracts.

DIRECTORS’ STATEMENT

The Board of Directors of FFB is of the opinion that the acceptance of the Contracts are in the best interest of FFB.

This announcement is dated 4 August 2009.

Announcement Details :

secured by	Customer	Brief description of the Contracts	Duration of the Contracts
Favelle Favco Cranes Pte Ltd	Eunsung Construction Co., Ltd	Supply of Offshore Crane	which is expected to be delivered by mid of 2010
Favelle Favco Cranes (M) Sdn Bhd	Kencana HL Sdn Bhd	Supply of Offshore Crane	which is expected to be delivered by early 2010
Favelle Favco Cranes (M) Sdn Bhd	Afcons - Gunanusa Joint Venture	Supply of Offshore Crane	which is expected to be delivered by mid of 2010
Favelle Favco Cranes (M) Sdn Bhd	Shanghai Machinery Complete Equipment (Group) Corp. Ltd	Supply of Tower Crane	which is expected to be delivered by early of 2010