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CK Choy.

Market Sense 市场意识: XMH Holdings wins $23.1 million worth of orders
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Wednesday, 10 June 2015

XMH Holdings wins $23.1 million worth of orders

XMH Holdings wins $23.1 million worth of orders

By PC Lee / theedgemarkets.com | June 9, 2015 : 9:05 PM MYT 

SINGAPORE (June 9): XMH Holdings ( Financial Dashboard), the diesel engine, propulsion and power generating solutions provider, secured orders worth $23.1 million through its two subsidiaries.

Mech-Power Generator (MPG) secured new orders which have been placed for stand-by power generating units for two contracts.

The first contract, worth $7.8 million, is for a data centre project and it is expected to be fulfilled in September 2015.

The second contract, worth $7.7 million, is for a healthcare centre and the contract is due for deliveries between September 2015 and March 2017.

Meanwhile, Z-Power Automation (ZPA) secured six new contract wins in the recent month.

These included LNG terminal tug electrical packages from a local shipyard valued at $2.3 million; the supply of electrical cables and panels to a Japanese shipyard, valued at $1.7 million and OEM manufacturing for a Japanese engine manufacturer, valued at $1.4 million.

Half of the contracts will be delivered by end Oct with the remainder expected to be delivered between 2015 and 2016.

XMH closed flat at 19.5 cents today.
Posted by ckchoy77 at 10:30
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