KUALA LUMPUR: HE Group Bhd has won a RM34.79 million contract from a semiconductor components manufacturer for a project in Kedah.

       In a filing today, HE Group said its wholly-owned subsidiary, Hexatech Engineering Sdn Bhd, has accepted a new work order from the customer, which is a wholly-owned subsidiary of a company listed on the Frankfurt Stock Exchange and headquartered in Munich, Germany.

       "The customer’s holding company is a leading global provider of semiconductors,” it said.

       HE Group said the work order involved the design, supply, installation, testing and commissioning of a low-voltage power distribution system for a semiconductor manufacturing plant in Kedah.

       "The work order will commence on January 31, 2024 and is expected to be completed by April 30, 2024,” it said.

       HE Group is a newly listed company that debuted today on the Ace Market of Bursa Malaysia Securities Bhd.

       At today's close, the company's share rose 4.5 sen to 32.5 sen from its initial public offering price of 28 sen, with 209.37 million shares traded. - Bernama

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