KUALA LUMPUR (March 11): Rubber glove solution provider Flexidynamic Holdings Bhd has received a contract worth RM12.4 million to supply and install mechanical and electrical works for the water treatment plant and intake in Jajahan Gua Musang, Kelantan.

In a filing to Bursa Malaysia on Monday, Flexidynamic said its wholly owned subsidiary Flexidynamic Engineering Sdn Bhd had accepted the letter of award from Usaha Pammek Sdn Bhd, and the project is slated to be completed on March 20, 2025, or as otherwise mutually agreed between both parties.

The scope of works covers the supply of machineries, equipment and manpower to completion of the whole contract works at the Loji Rawatan Air Bukit Chupak.

Usaha Pammek is principally an electrical and mechanical contractor involved in the trading of electrical spare parts.

Separately, Flexidynamic also announced that Sea Capital Holdings Sdn Bhd has emerged as its substantial shareholder after subscribing to 15 million shares or a 5% stake under a private placement exercise,

Flexidynamic shares finished up 2.5 sen or 14.3% to 20 sen on Monday, giving the group a market capitalisation of RM56.9 million.