Company Name |
FAVELLE FAVCO BERHAD |
Stock Name |
FAVCO |
Date Announced |
08 Aug 2025 |
Category |
General Announcement for PLC |
Reference Number |
GA1-08082025-00043 |
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 subsidiaries, Shanghai Favco Engineering Machinery Manufacturing Co. Ltd., Favelle Favco Cranes (M) Sdn Bhd and Favelle Favco Cranes (USA), Inc had received the following purchase orders or Letter of Intent (“Contracts”) respectively from 12 June 2025 and up to the date of announcement: -
Contracts secured by |
Customer |
Brief description of the Contracts |
Duration of the Contracts |
Shanghai Favco Engineering Machinery Manufacturing Co. Ltd. |
Favco Heavy Industry (Changshu) Co Ltd |
Supply of Tower Crane |
which is expected to be delivered by end of 2025 |
Favelle Favco Cranes (M) Sdn Bhd |
Malaysia Marine and Heavy Engineering Sdn. Bhd |
Supply of Offshore Crane |
which is expected to be delivered by first quarter of 2026 |
Favelle Favco Cranes (M) Sdn Bhd |
Offshore Oil Engineering Co., Ltd. |
Supply of Offshore Crane |
which is expected to be delivered by third quarter of 2026 |
Favelle Favco Cranes (M) Sdn Bhd |
PVD Trading and Technical Services Joint Stock Company |
Supply of Offshore Crane |
which is expected to be delivered by third quarter of 2026 |
Favelle Favco Cranes (M) Sdn Bhd |
Abu Adel Engineering And Mechanical Services |
Supply of Offshore Crane |
which is expected to be delivered by third quarter of 2026 |
Favelle Favco Cranes (USA), Inc |
Favelle Favco Cranes (USA), Inc |
Supply of Tower Crane |
which is expected to be delivered by third quarter of 2026 |
The approximate combined value of the above substantial orders secured amounting to RM77.6 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 2025 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 8 August 2025.