Wednesday, April 13, 2011

Favelle Favco rises in early trade

KUALA LUMPUR: FAVELLE FAVCO BHD [] shares advanced in early trade on Wednesday, April 13 after its units secured contracts worth a combined RM89.5 million for the supply of four offshore cranes.

At 9.05am, Favelle was up five sen to RM1.17 with 50,700 shares traded.

Favelle Favco Cranes Pte Ltd was to supply Keppel Fels Ltd with an offshore crane, which was expected to be delivered from end 2011 to early of 2012.

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