<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on November 24, 2015.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Inix Technologies Holdings Bhd, which is in the midst of acquiring a 30% equity interest in Galactic Maritime (M) Sdn Bhd, said Galactic has bagged a RM34.5 million contract to supply three vessels for dredging and land reclamation services for a project in Penang.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, Inix said Galactic had signed an agreement with Alam Seada Sdn Bhd for the contract, which is based on a total estimated three million cu m of sand to be transported.</p></div>

<div class=newsTextDataWrapInner><p>“The contract is expected to be completed by end of December 2016 and is expected to contribute positively to the future revenue and earnings of Galactic for the financial years ending July 31, 2016 and 2017,” said Inix.</p></div>

<div class=newsTextDataWrapInner><p>Inix on March 16 proposed to acquire a 30% equity interest or 4.05 million shares in Galactic for RM7.2 million cash, expected to be completed by the end of this month.</p></div>


This article first appeared in The Edge Financial Daily, on November 24, 2015.

 

KUALA LUMPUR: Inix Technologies Holdings Bhd, which is in the midst of acquiring a 30% equity interest in Galactic Maritime (M) Sdn Bhd, said Galactic has bagged a RM34.5 million con...

Inix’s future associate Galactic bags RM34.5m job

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