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OTHERS POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") - RECEIPT OF PURCHASE ORDERS AMOUNTING TO RM190.4 MILLION
POWERWELL HOLDINGS BERHAD
Type
Announcement
Subject
OTHERS
Description
POWERWELL HOLDINGS BERHAD ("POWERWELL" OR THE "COMPANY") - RECEIPT OF PURCHASE ORDERS AMOUNTING TO RM190.4 MILLION
1. INTRODUCTION
The Board of Directors of the Company is pleased to announce that its wholly-owned subsidiary, Powerwell International Sdn Bhd, received two (2) Purchase Orders ("POs") on 21 September 2026 in relation to a data centre in Johor, as detailed below:
Date of PO
Customer
Scope
Amount (RM) inclusive of Sales & Service Tax
17 September 2026
One of the leading multinational technology corporations specializing in data centres
Supply and delivery of low voltage switchgear and other related equipment
63,472,486
18 September 2026
126,944,972
Total
190,417,458
The POs are expected to be fulfilled by financial year ending 31 March 2028.
2. FINANCIAL EFFECTS
The POs are expected to contribute positively to Powerwell's consolidated earnings and net assets from the financial year ending 31 March 2027 until financial year ending 31 March 2028.
3. RISK FACTORS
The Company does not foresee any exceptional risks other than the normal operational risks associated with the POs and the Company will take the necessary steps to mitigate the risks.
4. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
None of the Directors and/or major shareholders and/or persons connected with them has any interest, direct or indirect, in the POs.
5. STATEMENT BY DIRECTORS
The Board of Directors of Powerwell, having considered all aspects of the POs, is of the opinion that the POs are in the best interests of the Company.