Bursa Malaysia Stock Watch

Tanjung Offshore unit gets Sime order

kltrader
Publish date: Wed, 16 Feb 2011, 10:32 PM
kltrader
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Tanjung Offshore Bhd's subsidiary, Citech Energy Recovery Systems UK Ltd (CERS), has received a purchase order from Sime Darby Engineering Sdn Bhd (SDESB).

The purchase order was for the supply of waste heat recovery packages valued at approximately GBP3.75 million (GBP1 is about RM4.9), Tanjung said in a filing to Bursa Malaysia today.

It said CERS was in the midst of preparing and satisfying the scope of work stipulated in the purchase order which is expected to be completed within the next 10 months.

The purchase order is not renewable. However, CERS will strive to seek recurring business opportunities with SDESB in meeting SDESB's future requirements, it said. -- Bernama
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