PETALING JAYA: Favelle Favco Bhd’s (FFB) subsidiaries, Favelle Favco Cranes Pty Ltd and Kroll Cranes A/S have received purchase orders with a combined value of RM42.7mil.
Favelle Favco Cranes will supply a tower crane to G A Caelli Holdings Trust which is expected to be delivered by the end of 2022.
Meanwhile, Kroll Cranes A/S will supply a tower crane to Daewoo Shipbuilding & Marine Engineering Co., Ltd which is expected to be delivered by mid of 2023.,
In a filing with Bursa Malaysia, the group said the above contracts would contribute positively to the earnings and net assets of FFB for the financial year ending Dec 31, 2022, and beyond.
“The contracts do not have any impact on the share capital and shareholding structure of FFB,” it said.