PETALING JAYA: Favelle Favco Bhd
’s subsidiaries, Favelle Favco Cranes Pty Ltd and Favelle Favco Cranes (M) Sdn Bhd, have received purchase orders and letters of intent totalling RM92mil.
In a filing with Bursa Malaysia, the crane manufacturer said it had received contracts for the supply of a tower crane and three offshore cranes, with deliveries estimated between the end of 2023 and early 2025.
“The contracts are expected to contribute positively to the earnings and net assets of Favelle Favco for the financial year ending Dec 31, 2023 and beyond,” it said.
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