Newly listed HE Group's unit bags RM34.79mil contract


KUALA LUMPUR: HE Group Bhd has won a RM34.79 million contract from a semiconductor components manufacturer for a project in Kedah.

In a filing today, HE Group said its wholly-owned subsidiary, Hexatech Engineering Sdn Bhd, has accepted a new work order from the customer, which is a wholly-owned subsidiary of a company listed on the Frankfurt Stock Exchange and headquartered in Munich, Germany.

"The customer’s holding company is a leading global provider of semiconductors,” it said.

HE Group said the work order involved the design, supply, installation, testing and commissioning of a low-voltage power distribution system for a semiconductor manufacturing plant in Kedah.

"The work order will commence on January 31, 2024 and is expected to be completed by April 30, 2024,” it said.

HE Group is a newly listed company that debuted today on the Ace Market of Bursa Malaysia Securities Bhd.

At today's close, the company's share rose 4.5 sen to 32.5 sen from its initial public offering price of 28 sen, with 209.37 million shares traded. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

ABM welcomes GX Bank, Boost Bank as new members
Khee San to raise up to RM96.1mil from rights issue
Ringgit ends firmer against greenback amid heightened uncertainty as US election looms
Elridge Energy inks 15-year biomass fuel contract with Japanese trading firm
Bintai Kinden unit bags RM61.22mil construction job in Melaka
MCE, Chuhang ink MoU to develop automated driving radar
Bursa Malaysia ends higher lifted by plantation, construction stocks
Revenue to dispose of Innov8tif stake for RM40mil
MN Holdings' new job wins bring orderbook to all-time high of RM625.8mil
Bina Puri unit secures RM113.29mil contract for Sarawak water supply project

Others Also Read