APB Resources secures RM10.4mil purchase order


KUALA LUMPUR: APB Resources Bhd has secured a RM10.4mil contract to undertake works involving mechanical engineering, procurement and development of strain vessels, columns and warmth exchangers.

In a submitting with Bursa Malaysia, APB mentioned its wholly-owned subsidiary Amalgamated Metal Corporation (M) Sdn Bhd had obtained and accepted the purchase order from Desmet Ballestra (SEA) Ptd Ltd.

The scope of works is estimated to be accomplished inside eight months.

“The contract will not have any effect on the share capital and shareholding structure of the company.

“However, it is expected to have an impact on earnings of APB Group over the financial year ending Sept 30, 2022,” APB mentioned.

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