KUALA LUMPUR (Jan 24): Greatech Technology Bhd said it has secured new orders for production line systems worth RM160 million, mainly from a “customer” from the solar industry. Greatech did not provide details on the identity of the customer. In a statement to Bursa Malaysia, the factory automation solutions provider said the new orders are expected to last the group until the second quarter of 2023. “The group expects this to contribute positively to the group’s revenue for the year ending Dec 31 2022 and 2023,” said Greatech. Greatech shares fell 12 sen or 2.45% to close at RM4.78 on Monday (Jan 24).

Source: The Edge Markets January 24, 2022 22:58 UTC