Oiltek International Secures Additional Contracts Worth MYR9.2 Million

MT Newswires
23 Dec 2024

Oiltek International (SGX:HQU) secured additional contracts in Malaysia worth about 9.2 million ringgit, through its subsidiary, Oiltek Sdn, according to a filing with the Singapore Exchange on Monday.

The new contracts involve the design, fabrication, delivery, testing and commissioning of a refinery plant and of a crude palm kernel oil fractionation plant.

Following the award of the new contracts, the group's existing order book now stands at around 391.1 million ringgit.

Shares of the vegetable and edible oil process engineering company were up nearly 2% in recent trading.

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