Handal Energy Bhd’s Stock Price Increased After Securing A Contract

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Handal Energy Bhd’s shares climbed early Tuesday on Bursa Malaysia after the group announced a contract with ExxonMobil Exploration and Production Malaysia Inc.

At 9.57am, the stock was trading at 24.5 sen, with 722,600 shares traded.

The business said in a Bursa filing on Monday that the five-year deal covers crane overhaul, repair, and refurbishing.

A work order will be issued at the discretion of ExxonMobil based on activity schedules and rates throughout the contract.

“This is the group’s second ExxonMobil contract in three months,” it claimed.

Published by Zack Baharum

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