KUALA LUMPUR: Shares of Techfast Holdings Bhd
rose almost 8% in early trade Thursday after securing an oil supply deal valued at RM1.46bil.
The manufacture of fasteners and LED epoxy encapsulant materials rose 7.94%, or 2.5 sen to 34 sen, its highest in four weeks.
Techfast’s wholly-owned subsidiary Fast Energy Sdn Bhd (FESB) will supply Wise Marine Pte Ltd up to 20,000 tonnes of low sulphur fuel oil, low sulphur marine gas oil and high sulphur fuel oil every month.
The supply agreement is effective for three years.
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