Pasdec Holdings Bhd flat at 38sen this morning

October 12, 2018 | By | Reply More

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PETALING JAYA:Pasdec Holdings Bhd remained flat at 38sen at early trade despite of RM380million contract win to manufacture and supply electrical wiring harness set for its 3G-200 H60A Vehicles from Nissan South Africa (Pty) Ltd.

At 11.12 a.m the stock was still trading at 38sen with 202,400 shares done. The stock rose briefly at 9.30a.m to 38.5sen before returning to trade at 38sen.

Pasdec said in a bourse filing yesterday that its indirect subsidiary Pasdec Automotive Technologies (Botswana) (PAT Botswana) has bagged a Botswana Pula 1 billion, or RM380 million contract, from Nissan South Africa.

The contract is to run for seven years commencing from June 2019.

Pasdec Holdings’ interest in PAT Botswana is through 70% subsidiary, Pasdec Automotive Technologies (Pty) Ltd.

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