FAVCO

1.650

(%)

OTHERS FAVELLE FAVCO BERHAD ("FFB" or "the Company") - ACCEPTANCE OF PURCHASE ORDERS

FAVELLE FAVCO BERHAD

Type Announcement
Subject OTHERS
Description
FAVELLE FAVCO BERHAD ("FFB" or "the Company")
- ACCEPTANCE OF PURCHASE ORDERS

INTRODUCTION

The Board of Directors of FFB is pleased to announce that its subsidiaries, Favelle Favco Cranes Pty Limited and Favelle Favco Cranes (M) Sdn Bhd had received the following purchase orders or Letter of Intent (“Contracts”) respectively from 31 December 2025 and up to the date of announcement: -

 

Contracts secured by

Customer

Brief description of the Contracts

Duration of the Contracts

Favelle Favco Cranes Pty Limited

Reko Diq Mining Company (Private) Limited

Supply of Tower Crane

which is expected to be delivered by end of 2026

Favelle Favco Cranes (M) Sdn Bhd

OceanSTAR Elite Marine & Offshore Services Pte Ltd

Supply of Offshore Crane

which is expected to be delivered by first quarter of 2027

Favelle Favco Cranes (M) Sdn Bhd

Thai Nippon Steel Engineering & Construction Corporation Ltd.

Supply of Offshore Crane

which is expected to be delivered by end of 2026

 

The approximate combined value of the above substantial orders secured amounting to RM76.3 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 2026 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 19 January 2026.






Announcement Info

Company Name FAVELLE FAVCO BERHAD
Stock Name FAVCO
Date Announced 19 Jan 2026
Category General Announcement for PLC
Reference Number GA1-19012026-00012