Favelle Favco Home Page
 
Corporate Information on Favelle Favco
 
Investor Relations
Contact details
Announcements / News
Financials
 
Crane Products
 
Services
 
Favelle Favco Home Page
 
Favelle Favco Home Plants & facilities
 
Announcements Back
   
FAVELLE FAVCO BERHAD ("FFB" or "the Company") ACCEPTANCE OF PURCHASE ORDERS

Company Name FAVELLE FAVCO BERHAD  
Stock Name FAVCO    
Date Announced 9 Oct 2014  
Category General Announcement
Reference No CC-141009-48612

OTHERS FAVELLE FAVCO BERHAD ("FFB" or "the Company") ACCEPTANCE OF PURCHASE ORDER

FAVELLE FAVCO BERHAD

Type Announcement
Subject OTHERS
Description FAVELLE FAVCO BERHAD ("FFB" or "the Company")
ACCEPTANCE OF PURCHASE ORDER

INTRODUCTION

The Board of Directors of FFB is pleased to announce that its wholly-owned subsidiary, Favelle Favco Cranes (M) Sdn Bhd had received the following purchase orders or Letter of Intent (“Contracts”) respectively in the month of September 2014 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
SK Machines Ltd
Supply of Offshore Crane
which is expected to be delivered from second quarter of 2015 to end of 2015
Favelle Favco Cranes (M) Sdn Bhd
Hyundai Heavy Industries Company Ltd
Supply of Offshore Crane
which is expected to be delivered by end of 2015
The approximate combined value of the above substantial orders secured amount to RM59.7 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 2014 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 are in the best interest of FFB.

This announcement is dated 9 October 2014. 

 

 
    
   FAVELLE FAVCO BERHAD ALL RIGHTS RESERVED | LEGAL NOTICES The Muhibbah Group