DNeX bags deal worth RM50m-RM75m

PETALING JAYA: Dagang NeXchange Bhd (DNeX) has bagged a contract for the design, engineering, procurement, construction, installation, commissioning and maintenance of up to 100 portable container systems (PCS) for Petro Teguh (M) Sdn Bhd with an expected value of RM50 million to RM75 million.
DNeX said this is a nationwide project, where the contract price of a PCS station with single storage capacity is RM500,000 per site/unit while the contract price for a PCS station with double storage capacity is RM750,000 per site/unit.
The duration of the contract is for 24 months from July 5, 2017 for designing, engineering, procurement, construction, installation and commissioning of up to 100 PCS; and a period of 10 years from the commissioning date for maintenance and supply of parts for up to 100 PCS.
DNeX shares were down by 1.5 sen to close at 58.5 sen on some 16.54 million shares done, giving it a market capitalisation of RM1.02 billion.