PEC Limited

Results

Pec reports 43% lower 1HFY2023 earnings of $2.9 mil; wins $128 mil worth of new contracts

The latest contracts are expected to contribute positively to the group's earnings for the financial year ending June 30, 2023.
PEC disposes 25% stake in Huizhou Tianxin Petrochemical Engineering for consideration of RMB7.5 mil - THE EDGE SINGAPORE

M&A

PEC disposes 25% stake in Huizhou Tianxin Petrochemical Engineering for consideration of RMB7.5 mil

PEC intends to use the proceeds of the disposal for general working capital requirements.

M&A

PEC acquires remaining 40% stake in Huizhou Tianxin Petrochemical Engineering for $7.4 mil

PEC, the plant and terminal engineering specialist announced that it has entered into a sale and purchase agreement with Sinopec Nanjing and Sinopec Luoyang on Monday.

Deals, joint ventures & alliances

PEC secures $103 mil in new contracts

SINGAPORE (Apr 17): PEC announced Wednesday it has secured $103 million worth of new contracts in Asia with existing clients.
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