KLSE (MYR): GENETEC (0104)
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Brendon
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Posted by Brendon > 2014-02-26 15:08 | Report Abuse
GENETEC TECHNOLOGY BERHAD
Type:Announcement
Subject:OTHERS
Description:NEW ORDERS SECURED BY GENETEC TECHNOLOGY BERHAD
Introduction:
Genetec Technology Berhad (“Genetec” or “the Company”) is pleased to announce that the Group has secured new orders worth RM33.5 million.
The new secured orders are from the existing clients who are global players in the following industries:
Industry Amount (RM Mil)
1 Electronics, Semiconductor and Hard Disk Drive 32.0
2 Automotive 1.3
3 Others (i.e. Pharmaceutical & etc.) 0.2
Total 33.5
Directors’ and major shareholders’ interest
None of the directors or major shareholders of Genetec, or any persons connected to them, has any direct or indirect interest in the above secured orders.
Effects of the secured orders
The secured orders are expected to contribute positively to Genetec’s earnings for the financial year ending 31 March 2014 and 31 March 2015.
The secured orders are not expected to have any material effect on the net assets per share of the Company for the financial year ending 31 March 2014 and 31 March 2015.
Additional information
The tenure of the contracts normally range from three to nine months depending on the size of order and scope of work.
The contracts are on project basis and we do not foresee any risk pertaining to new secured orders.
This announcement is dated 25 February 2014.