Rohas Tecnic eyes RM500mil order book this year


  • Corporate News
  • Friday, 17 Mar 2017

KUALA LUMPUR: Rohas Tecnic Bhd, which made its debut on the main market of Bursa Malaysia today, has set an order book target of more than RM500mil for this year in the areas of power transmission, water treatment and telecommunications projects.

Rohas-Euco Industries Bhd Chief Executive Officer Leong Wai Yuan said the group was in the midst of bidding for a water treatment project in Vietnam.

“We see how that goes in the coming times. A lot of bidding projects are very subjective, depending on market conditions and market competitions.

“It is more important to build our capability. Any results from those bidding activities just reflect how well we are (doing) in the markets,” he told reporters after the company’s listing here today.

The company’s order book currently stood at RM180mil, which would last for one-and-a-half years.

Rohas Tecnic is the product of a reverse takeover (RTO) between Rohas-Euco Industries Sdn Bhd (REI) and investment holding company Tecnic Group Bhd.

REI was a steel structure fabricating company that was once listed on the bourse, before it was taken private by businessman Tan Sri Wan Azmi Wan Hamzah nine years ago.

It was primarily involved in the design, fabrication and erection of power transmission and telecommunication towers, as well as steel structures for power substations.
 
Rohas Tecnic opened at 99.5 sen, 12.5 sen lower than Tecnic Group's last trading price of RM1.12. The stock ended at 89 sen. - Bernama
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