KUALA LUMPUR (April 18): T7 Global Bhd's units have secured three contracts for a combined value of RM63 million.

In a statement today, T7 Global said Wenmax Sdn Bhd, a subsidiary of its wholly-owned subsidiary Gas Generators (M) Sdn Bhd, had on Jan 15 this year received a letter of award from Murphy Sarawak Oil Co Ltd for the provision of maintenance services, spare parts and consumables for Gastec Nitrogen Generator for Murphy Production Operations.

It said the project is from Jan 15 until the completion of the contract, which is expected to end on Jan 14, 2021, with an option to extend for an additional one year.

Meanwhile, T7 Marine Sdn Bhd, another wholly-owned subsidiary of the group, also received a letter of award from Marine Crest Technology Sdn Bhd for one-off upgrading works of combat management system for Royal Malaysian Navy's vessel, which is expected to be completed in August 2019.

Additionally, Tanjung Offshore Services Sdn Bhd received a contract from CP Energy & Services Sdn Bhd for the supply of equipment and upgrading works for six months from April 17 to Oct 16, 2018.

As at the midday break, T7 Global shares rose by 2.5 sen or 5.2% to 51 sen with about 10 million shares traded, giving it a market capitalisation of RM213.9 million.