Rohas in midst of bidding for Vietnam water project
KUALA LUMPUR: Rohas Tecnic Bhd is in the midst of tendering for a water treatment project in Vietnam, according to chief executive officer Leong Wai Yuan.
“We see how that goes in the coming months. Many bidding projects are subjective, depending on market conditions. It’s more important to build on capability. The results would reflect on how well we are doing,” he said, after Rohas’s debut on Bursa Malaysia yesterday.
Leong said Rohas’s current order book of RM180 million would keep it busy for one-and-a-half more years.
Also present at the media briefing were Rohas-Euco Industries Bhd (REI) managing director George Sia and Rohas executive director Wong Mun Keong.
Tecnic Group, which has been taken over by Rohas-Euco Holdings Sdn Bhd, ended lower on its maiden trading of new shares on Bursa Malaysia yesterday.
At the close, Rohas was down 23 sen to 89 sen with some 6.36 million shares traded.
Rohas-Euco, which was previously listed on Bursa Malaysia, was taken private in 2008 by Splash chairman Tan Sri Wan Azmi Wan Hamzah, his wife Puan Sri Nik Anida Nik Manshor, Sia and his wife Chan Liew Hoon.
Tecnic had, in October 2014, disposed of its entire core business, which included the manufacturing, distribution and sale of plastic products and moulds, to SKP Resources Bhd for RM200 million.
In July 2015, Tecnic was classified as a PN16 company.
In September 2015, Tecnic received a takeover offer from Rohas-Euco at 63 sen per share. The takeover saw the injection of new business in the form of fabrication of steel structures, telecommunications and water treatment services. Ooi Tee Ching
Splash chairman Tan Sri Wan Azmi Wan Hamzah (centre) with Rohas-Euco Industries managing director George Sia (right) and Rohas Tecnic Bhd chief executive officer Leong Wai Yuan at a press briefing after the listing of Rohas on the Main Market yesterday.