<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 8): Coastal Contracts Bhd (KL:<a href="/askedge/klse/5071" class="ce-stock" target="_blank">COASTAL</a>) has secured a liftboat chartering contract worth RM7.38 million.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia on Monday, the company said the contract was awarded to its subsidiary, Elite Point Pte Ltd, with the charter expected to commence on Dec 10.</p></div>

<div class=newsTextDataWrapInner><p>The contract has a total tenure of 88 days, comprising a firm period of 60 days and an optional extension of 28 days. The charterer is based in the Middle East.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Coastal Contracts noted that the deal is expected to contribute positively to the group’s earnings and net assets for the financial years ending Dec 31, 2025 and Dec 31, 2026, during the contract period.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Coastal Contracts closed unchanged at RM1.17, valuing the group at RM653.82 million. Year to date, the stock has fallen 23%.&nbsp;</p></div>


Coastal Contracts Bhd (KL:COASTAL) has secured a liftboat chartering contract worth RM7.38 million.

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday</p>


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