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Top News In Fast Energy Sdn Bhd Today - Breaking & Trending Today

Axiata, RHB, Serba Dinamik, Hibiscus Petroleum, Techfast, Wah Seong, Datasonic, Sime Darby Plantation, Boustead and Computer Forms

KUALA LUMPUR (June 2): Based on corporate announcements and news flow today, companies in focus tomorrow (June 3) may include: Axiata Group Bhd, RHB Bank Bhd, Serba Dinamik Holdings Bhd, Hibiscus Petroleum Bhd, Techfast Holdings Bhd, Wah Seong Corp Bhd, Datasonic Group Bhd, Sime Darby Plantation Bhd, Boustead Holdings Bhd and Computer Forms (Malaysia) Bhd. Axiata Group Bhd's subsidiary, Boost Holdings Sdn Bhd, and RHB Banking Group have signed a. ....

Republic Of , Kuala Lumpur , Pulau Pinang , Kumpulan Wang Persaraan Diperbadankan , Sdn Bhd , Seberang Perai Selatan , Datuk Abdul Kadier , Banking Group , Bank Bhd , Hibiscus Petroleum Bhd , Wasco Engineering International Ltd , Fortuna International Petroleum Corp , Bw Energy Gabon , National Registration Department , Fast Energy Sdn Bhd , Wise Marine Pte Ltd , Datasonic Group Bhd , Penang Development Corporation , Boustead Naval Shipyard Sdn Bhd , Boustead Holdings Bhd , Bank Negara Malaysia , Serba Dinamik Holdings Bhd , Axiata Group Bhd , Techfast Holdings Bhd , Ministry Of Home Affairs , Holdings Sdn Bhd ,

Techfast secures deal to supply marine fuel oils to Singapore-based Wise Marine

Techfast website pix
PETALING JAYA: Techfast Holdings Bhd’s wholly owned subsidiary Fast Energy Sdn Bhd has entered into a supply agreement with Singapore-based Wise Marine Pte Ltd to supply a range of marine fuel oils with an approximate total contract value of RM2.2 billion over a three-year period.
Under the agreement, it will supply 10,000 to 30,000 tonnes (mt) of marine fuel oils a month, which translates into a total supply of up to 360,000 mt for the full year.
The contract is slated to commence in the second quarter of 2021.
The group clarified that the total contract value of RM2.2 billion is based on the current average selling price of low sulphur fuel oil of about US$500 (RM2,069.75) per MT as reported by S&P Global Platts in Singapore and a monthly delivery of 30,000 mt. ....

Port Klang , Malaysia General , Petroleum Sdn Bhd , Techfast Holdings Bhd , Wise Marine Pte Ltd , Fast Energy Sdn Bhd , Singapore Based Wise Marine Pte Ltd , Vincent Tan Wye Chuan , Sdn Bhd , போர்த் கிளாங் , மலேசியா ஜநரல் , பெட்ரோலியம் ஸ்டன் ப்ட் , பாண்டித்தியம் கடல் ட் லிமிடெட் , வேகமாக ஆற்றல் ஸ்டன் ப்ட் , சிங்கப்பூர் அடிப்படையிலானது பாண்டித்தியம் கடல் ட் லிமிடெட் , வின்சென்ட் பழுப்பு வை சுவான் , ஸ்டன் ப்ட் ,

Techfast ventures into petroleum trading, oil bunkering businesses | Hellenic Shipping News Worldwide

Techfast ventures into petroleum trading, oil bunkering businesses
Components manufacturing group Techfast Holdings Bhd is proposing to diversify into the trading of petroleum products, oil bunkering, and other related businesses.
Executive director Vincent Tan Wye Chuan said the business diversification will reduce the company’s sole reliance on its existing manufacturing business.
“We have big plans to grow this business as we aim to become a leading bunker supplier in Malaysia.
“A new subsidiary, Fast Energy Sdn Bhd, has been established to undertake the provision of bunkering services, vessel chartering and other related activities,” he said in a statement today. ....

Port Klang , Petroleum Sdn Bhd , Techfast Holdings Bhd , International Maritime Organization , Fast Energy Sdn Bhd , Vincent Tan Wye Chuan , Sdn Bhd , போர்த் கிளாங் , பெட்ரோலியம் ஸ்டன் ப்ட் , சர்வதேச கடல் ஆர்கநைஸேஶந் , வேகமாக ஆற்றல் ஸ்டன் ப்ட் , வின்சென்ட் பழுப்பு வை சுவான் , ஸ்டன் ப்ட் ,

Techfast ventures into petroleum trading, oil bunkering businesses

Components manufacturing group Techfast Holdings Bhd is proposing to diversify into the trading of petroleum products, oil bunkering, and other related businesses. ....

Kuala Lumpur , Port Klang , Petroleum Sdn Bhd , Techfast Holdings Bhd , International Maritime Organization , Fast Energy Sdn Bhd , Vincent Tan Wye Chuan , Sdn Bhd , குவாலா லம்பூர் , போர்த் கிளாங் , பெட்ரோலியம் ஸ்டன் ப்ட் , சர்வதேச கடல் ஆர்கநைஸேஶந் , வேகமாக ஆற்றல் ஸ்டன் ப்ட் , வின்சென்ட் பழுப்பு வை சுவான் , ஸ்டன் ப்ட் ,

Techfast proposes diversification into petroleum-related businesses

Techfast’s current businesses include manufacturing of high precision fasteners. – Techfast website pix
PETALING JAYA: Techfast Holdings Bhd has proposed to acquire a 35% stake in CCK Petroleum Sdn Bhd for RM26.25 million and proposed a diversification of its existing principal activities to include trading of petroleum products, oil bunkering and other related activities.
The proposed acquisition is expected to increase and diversify Techfast group’s earnings base to include the petroleum trading business of CCK, thereby reducing the reliance of Techfast’s financial performance on its single business segment.
In addition, part of the purchase consideration is to be satisfied via the issuance of consideration shares to the vendor, which will allow Techfast group to conserve cash without any immediate impact on its cash flow as opposed to being fully settled in cash or via borrowings. ....

Malaysia General , Petroleum Sdn Bhd , Techfast Holdings Bhd , Fast Energy Sdn Bhd , Sdn Bhd , மலேசியா ஜநரல் , பெட்ரோலியம் ஸ்டன் ப்ட் , வேகமாக ஆற்றல் ஸ்டன் ப்ட் , ஸ்டன் ப்ட் ,