Meta Bright signs RM24mil leasing contract with Australia company


PETALING JAYA: Meta Bright Group Bhd (MBGB), via its wholly-owned Australian subsidiary Meta Bright Australia Pty Ltd, has secured a new equipment leasing contract from Australian copper mining company Mt Cuthbert Resources Pty Ltd (MCR).

In a filing with Bursa Malaysia, MBGB said Meta Bright Australia will provide dry hire equipment rental services to MCR, supporting its copper mining operations in Australia with essential machinery and equipment valued up to RM24.82mil.

“This contract is expected to generate substantial monthly recurring rental income, estimated at AU$222,950 (about RM691.66mil), enhancing MBGB's recurring revenue streams and reinforcing its presence in the Australian market.”

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Meta Bright

   

Next In Business News

Oil gains 1% on hopes of firmer demand
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
Muhibbah rides on Cambodian tourism uptick
Feytech gears up for expansion to meet growing demand
Ready to rise up the ranks again
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
MGB ACHIEVES 23% PROFIT SURGE IN 1Q24
GDP up 4.2% in 1Q24
Chinese firms invest in ‘green’ jet fuel

Others Also Read