Scomi Group Bhd surprised investors when it proposed to revise its current issued share capital reduction from RM224.96mil to RM3mil from the earlier RM40mil.
PETALING JAYA: Electrical power facilities provider Pestech International Bhd
has secured a US$7.16mil contract to supply six new mobile substations to the Electricity Ministry of Iraq, marking the group’s maiden penetration into the Middle East.
In its filing with Bursa Malaysia yesterday, the group said its wholly owned subsidiary – Pestech Sdn Bhd – had received a letter of award from the ministry on June 14 to supply four new 132/33 kV, 31.5 MVA mobile substations and two new 132/11 kV, 25 MVA mobile substations.
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