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Eneco Energy Signs new domestic transportation contract with Asia Pacific Brewery

Samantha Chiew
Samantha Chiew • 2 min read
Eneco Energy Signs new domestic transportation contract with Asia Pacific Brewery
Eneco Energy signs deal with APB. Photo: Pexels
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Eneco Energy announced that its wholly-owned subsidiary RichLand Logistics Services has entered into a contract with Asia Pacific Brewery (APB) for the provision of domestic bulk transportation of APB’s popular beverage brands, Heineken and Tiger, in Singapore.

The contract entails daily stock replenishments “fresh from the oven” to APB’s distributors island-wide, including key operating hubs. The contract is for a period of three years with an option of two years extension.

The new contract is not expected to have a material impact on the consolidated net tangible assets per share and earnings per share of the group for the financial year ending Dec 31, 2023. None of the directors or substantial shareholders of the company has any interest, direct or indirect in the aforesaid contract, save for their respective shareholdings in the company and the group.

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