Quick take: Handal shares lifted by offshore crane maintenance contract

TheStar Fri, May 10, 2019 10:54am - 4 years View Original


KUALA LUMPUR: Shares of Handal Resources Bhd rose on Friday morning after securing contract to maintain 19 cranes.


The crane maintenance firm gained 4.17%, or 1.5 sen to 37.5 sen .


Handal has secured a contract to repair and maintain 19 offshore cranes from Repsol Oil and Gas Malaysia Ltd.


The contract, estimated at between RM20mil and RM25mil, was for a primary period of three years from April 10, 2019, with a one-year extension option, Handal said in a statement today.

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