Did Xiti's 27 million contract share price plummet?
UUE Holdings (UUE, 0310, GEM) announced that it has collected two companies' underground cable and accessories testing and adjustment engineering contracts, with a total value of RM26.93 million232 on both contracts.
The above two companies, Komasi Engineering Private Limited and Sutera Utama Private Limited, each asked for a project contract price of RM13.46 million5116.
Uni-Li Holdings is responsible for testing and adjustment of 11 kV (kV) cross-linked polyethylene (XLPE) underground cables and accessories.
The above two engineering contracts are for a period of 730 days and can be extended for an additional 365 days.
According to public documents from the Malaysia Stock Exchange, the above project is expected to have a positive impact on the performance and net assets per share of Youli Holdings during the contract period.
Youli Holdings was newly listed on the 2nd of this month. Until last Friday, it has been rising every day since its listing; although it once reached a high price of 96.5 cents, it still lost to arbitrage sentiment and plummeted 13.5 cents or 14% in a single day.
The above two companies, Komasi Engineering Private Limited and Sutera Utama Private Limited, each asked for a project contract price of RM13.46 million5116.
Uni-Li Holdings is responsible for testing and adjustment of 11 kV (kV) cross-linked polyethylene (XLPE) underground cables and accessories.
The above two engineering contracts are for a period of 730 days and can be extended for an additional 365 days.
According to public documents from the Malaysia Stock Exchange, the above project is expected to have a positive impact on the performance and net assets per share of Youli Holdings during the contract period.
Youli Holdings was newly listed on the 2nd of this month. Until last Friday, it has been rising every day since its listing; although it once reached a high price of 96.5 cents, it still lost to arbitrage sentiment and plummeted 13.5 cents or 14% in a single day.
Source: Nanyang Siang Pao
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