T7 Global unit bags contract from IPC Malaysia

KUALA LUMPUR: T7 Global Bhd's wholly-owned subsidiary Tanjung Offshore Services Sdn Bhd has secured a contract from IPC Malaysia BV for the provision of Pan-Malaysia maintenance, construction, modification (MCM) and hook-up and commissioning (HUC) services for B3 package.

It said in a filing with Bursa Malaysia, the contract will commence from Oct 25, 2024, to Oct 24, 2029 for a period of five years, with extensions options of three and two years respectively.

The company said it envisages that the award will contribute positively to its earnings and net assets for the financial year ending Dec 31, 2024, and onwards until the expiry of the contract.