27 April 2012

"Rumours" about Ramunia awarded a RM150 million contract proved TRUE, received Letter of Intent from Sarawak Shell Bhd

(RAMUNIA closing stock price today (27.4.2012) was 39 sen)

Ramunia Holdings Bhd's unit has received a letter of intent (LOI) from Sarawak Shell Bhd for two contracts valued at RM150mil.

It said on Friday that Ramunia Fabricators Sdn Bhd had received the LOI for the fabrication of two substructures and also two topsides on April 23.

"The total contract price is estimated to be in the region of RM150mil depending on the final scope of works awarded," it said.

Ramunia said the LOI would hinge on Ramunia Fabricators fulfilling the conditions imposed by Sarawak Shell.

To recap the initial post on rumours dated 26 April 2012, here is the link http://malaysiastockpicks.blogspot.com/2012/04/ramunia-to-be-awarded-rm150-million.html

Source: www.thestar.com.my


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