KUALA LUMPUR (Oct 9): Favelle Favco Cranes (M) Sdn Bhd, a wholly-owned unit of Favelle Favco Bhd, has secured contracts worth a total of RM59.7 million.
In a Bursa Malaysia filing this afternoon, Favelle Favco said one contract was with SK Machines Ltd, for the supply of an offshore crane which is expected to be delivered between the second quarter of 2015 and end-2015.
The other contract is with Hyundai Heavy Industries Co Ltd, for the supply of an offshore crane which is expected to be delivered by the end of 2015.
Favelle Facvo closed 3 sen down at RM3.13, with a market capitalisation of RM678.52 million.