{"id":13686,"date":"2019-05-15T18:49:20","date_gmt":"2019-05-15T18:49:20","guid":{"rendered":"https:\/\/cranemarket.com\/blog\/?p=13686"},"modified":"2019-05-15T18:49:20","modified_gmt":"2019-05-15T18:49:20","slug":"favelle-favco-secures-tower-crane-contracts-worth-rm78-3-million","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/favelle-favco-secures-tower-crane-contracts-worth-rm78-3-million\/","title":{"rendered":"Favelle Favco secures tower crane contracts worth RM78.3 million"},"content":{"rendered":"<p><a href=\"https:\/\/www.theedgemarkets.com\/article\/favelle-favco-gets-tower-crane-contracts-worth-rm783-million\">KUALA LUMPUR<\/a> &#8211; Units of <a href=\"https:\/\/cranemarket.com\/specs\/favelle-favco\">Favelle Favco<\/a> Bhd have secured a total of six contracts for the supply of tower cranes, worth a cumulative RM78.3 million.<\/p>\n<p>In a bourse filing today, it said its wholly-owned subsidiaries, Favelle Favco Cranes Pty Ltd, Favelle Favco Cranes (M) Sdn Bhd and Favelle Favco Cranes Pte Ltd, had received the purchase orders from March 2019 up to the date of the announcement.<\/p>\n<p>The contracts are expected to be delivered between the second quarter of 2019 and the first quarter of 2020.<\/p>\n<p>\u201cThe above contracts are expected to contribute positively to the earnings and net assets of Favelle for the financial year ending Dec 31, 2019 and beyond,\u201d it said.<\/p>\n<p>Favelle Favco closed three sen or 1.12% lower at RM2.65, for a market capitalization of RM587.32 million.<\/p>\n<div class=\"post-meta\">\n<div class=\"field field-name-field-author field-type-text field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\"><strong>Syahirah Syed Jaafar \/ <a href=\"https:\/\/www.theedgemarkets.com\/article\/favelle-favco-gets-tower-crane-contracts-worth-rm783-million\">theedgemarkets.com<\/a><\/strong><\/div>\n<\/div>\n<\/div>\n<p><br class=\"clearfix\" \/><strong><span class=\"post-created\">May 15, 2019 18:50 pm +08<\/span><\/strong><\/div>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR &#8211; Units of Favelle Favco Bhd have secured a total of six contracts for the supply of tower cranes, worth a cumulative RM78.3 million. In a bourse filing today, it said its wholly-owned subsidiaries, Favelle Favco Cranes Pty Ltd, Favelle Favco Cranes (M) Sdn Bhd and Favelle Favco Cranes Pte Ltd, had received [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13687,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[3,8],"tags":[547,1533],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Favelle Favco secures tower crane contracts worth RM78.3 million - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/favelle-favco-secures-tower-crane-contracts-worth-rm78-3-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Favelle Favco secures tower crane contracts worth RM78.3 million - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"KUALA LUMPUR &#8211; Units of Favelle Favco Bhd have secured a total of six contracts for the supply of tower cranes, worth a cumulative RM78.3 million. 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