<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily,</em> on October 16, 2015.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) said its 60%-owned unit Boustead DCNS Naval Corp Sdn Bhd (BDNC) has bagged a RM153.16 million extended contract from the government to provide in-service support (ISS) for two units of Prime Minister’s Class Submarines for the Royal Malaysian Navy.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The extended contract will have a material effect on the earnings of BHIC group for the financial year ending Dec 31, 2015, and will contribute positively to its future earnings.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, BHIC said after negotiation, it accepted an additional letter of acceptance from the government on Monday, with a revised and final negotiated price of RM153.16 million, as well as a revised tenure to March 31, 2018 from May 31, 2017 previously.</p></div>

<div class=newsTextDataWrapInner><p>BDNC had on March 30 accepted a letter of acceptance from the government for an additional ceiling contract value of RM531.2 million for the extension of the ISS contract.</p></div>


This article first appeared in The Edge Financial Daily, on October 16, 2015.

 

KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) said its 60%-owned unit Boustead DCNS Naval Corp Sdn Bhd (BDNC) has bagged a RM153.16 million extended contract from the govern...

BHIC wins RM153.16m extended contract from government

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