Saturday 13 Apr 2024
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KUALA LUMPUR (Aug 4): EA Technique (M) Bhd has clinched two contracts for the supply and operating of marine vessels worth RM12.62 million.

In a bourse filing on Friday (Aug 4), the group said it has been awarded two contracts from Sungai Udang Port Sdn Bhd (SUPSB), a wholly-owned subsidiary of MISC Maritime Services Sdn Bhd via a letter of award dated July 27, 2023.

Under the contracts, EA Technique is responsible for the provision and operation of one unit 25-tonne bollard pull utility tug and one unit 40-tonne bollard pull utility tug.

The contracts' tenure is two years, with an option to extend by another one year upon expiry of the initial term, to be exercised at SUPSB’s discretion.

EA Technique’s share price closed up one sen or 5.56% at 19 sen on Friday, giving the group a market capitalisation of RM101 million.

Edited ByLee Weng Khuen
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