KUALA LUMPUR: Favelle Favco Bhd
has secured five supply contracts via its subsidiaries – Shanghai Favco Engineering Machinery Manufacturing Co Ltd and Favelle Favco Cranes (M) Sdn Bhd – with a total value of RM147.1mil.
The group said in a filing with Bursa Malaysia the purchase orders and letters of intent were for the supply of tower and offshore cranes, which are to be delivered from the second quarter of 2025 to the second quarter of 2026.
The contracts are expected to contribute positively to the earnings and net assets of Favelle Favco for the financial year ending Dec 31, 2025 and beyond.
Favelle Favco has an outstanding order book of RM528mil.
