KUALA LUMPUR: Xin Hwa Holdings Bhd
’s wholly owned subsidiary, Xin Hwa Trading & Transport Sdn Bhd, has secured a transportation service order worth about RM3.44mil from Malaysia Marine and Heavy Engineering Sdn Bhd.
In a filing with Bursa Malaysia, the Johor-based logistics provider said the contract involves the provision of transportation services from MMHE West to AKEF Tanjung Langsat and within Pasir Gudang using both normal and heavy movement with special trucks and escort vehicles.
The tenure of the contract is 10 months and is expected to end by Dec 31, 2026.
Xin Hwa said the contract value is based on the estimated number of trips required, with claims to be made based on actual work carried out according to the agreed rates.
“Despite the contract does not constitute a fixed lump sum value, based on mutual understanding between XHTT and MMHE, XHTT expected to generate revenue of close to the contract value for the 10-month contract period,” it said.
The contract is expected to contribute positively to the group’s earnings for the financial year ending March 31, 2027.
