TT Vision's Unit Secures Contract Worth Approximately RM8.74 Mln
KUALA LUMPUR, Dec 30 (Bernama) -- TT Vision Holdings Bhd’s (TTVHB) wholly-owned subsidiary, TT Vision Technologies Sdn Bhd (TT Vision) has accepted a purchase order for its machine vision equipment from a major customer, for a contract value of US$1.95 million or approximately RM8.74 million.
In a filing with Bursa Malaysia today, TTVHB said the contract is expected to be fulfilled within six months.
“The contract will not have any effect on the share capital and substantial shareholders’ shareholdings of the group and its subsidiaries.
“However, it is expected to contribute positively towards the future earnings and net assets of the group for the financial year ending Dec 31, 2025,” it said.
The group also does not foresee any exceptional risk other than the normal operational risks associated with the supply of products.
“TTVHB will take the necessary steps to mitigate the risks as and when they occur based on its past experiences and expertise,” it added.
-- BERNAMA