Thursday, July 28, 2011

Favelle Favco rises on new contracts

KUALA LUMPUR: FAVELLE FAVCO BHD [] shares rose in early trade on Thursday, July 28 after it secured four separate contracts worth a combined RM79.3 million to supply offshore cranes, a tower crane and winches.

At 9.05am. Favelle rose five sen to RM1.46 with 4,000 shares traded.

It said on Wednesday, July 27 that its subsidiaries Favelle Favco Cranes (M) Sdn Bhd, Favelle Favco Cranes Pty Ltd, Favelle Favco Cranes Pte Ltd and Favelle Favco Winches Pte Ltd had received the purchase orders or letters of intent from their clients.

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