KUALA LUMPUR: Ramunia Holdings Bhd has received a letter of award from Petrofac (Malaysia) Sdn Bhd for the supply of driven piles for the Cendor Phase 2 Development Project worth RM13.13 million.
In a filing with Bursa Malaysia yesterday, Ramunia said the letter of award was given to its wholly- owned subsidiary Ramunia Fabricators Sdn Bhd on Oct 20 and accepted yesterday.
“The letter of award shall be subject to a formal contract being executed within 90 calendar days from the effective date Oct 20 or such extended period as may be mutually agreed by the parties,” said the statement.
The duration of the contract is 23 weeks from Oct 20 while the project is expected to contribute positively to the group’s earnings for the financial period of 2011/12
The statement also announced that Ramunia Fabricators has successfully completed the contract to supply mooring piles for Berantai in September. The contract, which was valued at about RM 2.7 million, was also from Petrofac.
This article appeared in The Edge Financial Daily, October 28, 2011.
In a filing with Bursa Malaysia yesterday, Ramunia said the letter of award was given to its wholly- owned subsidiary Ramunia Fabricators Sdn Bhd on Oct 20 and accepted yesterday.
“The letter of award shall be subject to a formal contract being executed within 90 calendar days from the effective date Oct 20 or such extended period as may be mutually agreed by the parties,” said the statement.
The duration of the contract is 23 weeks from Oct 20 while the project is expected to contribute positively to the group’s earnings for the financial period of 2011/12
The statement also announced that Ramunia Fabricators has successfully completed the contract to supply mooring piles for Berantai in September. The contract, which was valued at about RM 2.7 million, was also from Petrofac.
This article appeared in The Edge Financial Daily, October 28, 2011.
