T7 Global gains 2.63% on deal with Honeywell

PETALING JAYA: T7 Global Bhd's share price went up this morning, following its unit's appointment as the Malaysian distributor for Honeywell International Sdn Bhd.
At 11.34am, the offshore oilfield service provider shares rose 2.63% or one sen, trading at 39 sen with some 213,000 shares transacted. Its market capitalisation stood at RM146.9 million.
Yesterday, Honeywell appointed Wenmax Sdn Bhd as distributor for its subsidiary UOP Asia's, products.
Under the two-year distributorship agreement, Wenmax will distribute the products to end users within three business lines namely catalyst, adsorbents and specialties; gas processing and hydrogen; and processes, technology and equipment.