OTHERS FAVELLE FAVCO BERHAD ("FFB" or "the Company") ACCEPTANCE OF PURCHASE ORDERS
FAVELLE FAVCO BERHAD |
Type | Announcement | ||||||||||||||||||||||||||||||||||||
Subject | OTHERS |
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Description | FAVELLE FAVCO BERHAD ("FFB" or "the Company") ACCEPTANCE OF PURCHASE ORDERS |
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INTRODUCTION
The approximate combined value of the above substantial orders secured amount to RM68.8 million.
FINANCIAL EFFECTS
The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2019 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB.
DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above Contracts.
DIRECTORS' STATEMENT
The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts is in the best interest of FFB.
This announcement is dated 25 November 2019. |
Announcement Info
Company Name | FAVELLE FAVCO BERHAD |
Stock Name | FAVCO |
Date Announced | 25 Nov 2019 |
Category | General Announcement for PLC |
Reference Number | GA1-25112019-00052 |