A good company needs to be supported to the end

?$#@$ Fatt Engineering Sdn Bhd, a wholly-owned subsidiary of UUE Holdings Bhd, recently obtained two contracts to install underground cables and accessories, with a total value of RM26.93 million after making a strong appearance in the ACE market of Bursa Malaysia.

In a filing from the Bursa Malaysia today, the group said the contracts were awarded by Komasi Enginerring Sdn Bhd and Sutera Utama Sdn Bhd respectively for the installation, testing and commissioning of 11kV aluminum XLPE underground cables and fittings for asset development (North Zone), Tenaga Nasional Bhd.

Both contracts have a period of 730 days from the effective date, with the option of extending them for another 365 days.

“Once the contracts come into effect, these contracts are expected to contribute positively to the company's earnings per share and net assets during the contract period,” the group said.