Eneco Energy's Subsidiary Secures Logistics Contracts Worth SG$4 Million; Shares Surge 11%

MT Newswires

2025/04/24

Eneco Energy's (SGX:R14) logistics division under Richland Logistics Services, secured five new contracts with an aggregate value of SG$4.1 million, according to a filing with the Singapore Exchange on Thursday.

The contracts include a 100% green distribution model with five electric vehicle trucks to be deployed across Singapore.

The service duration of the contracts range from two years to three years.

Shares of the company surged over 11% in recent trading.

Price (SGD): S$0.01, Change: S$+0.0010, Percent Change: +11.11%

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