Rohas in midst of bid­ding for Viet­nam water project

New Straits Times - - Business -

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.

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