KUALA LUMPUR: EG Industries Bhd's subsidiary, SMT Technologies Sdn Bhd, has secured confirmed purchase order (PO) worth US$117 million for 5G photonics related products on June 5.
In a filing to Bursa Malaysia, it said the products were for an existing key customer known as customer C.
"Customer C is a global industry leader with expertise in industry leading research and development and cutting-edge manufacturing for, among others, optical modules, wireless access broadband, carrier ethernet and edge computing," it noted.
The PO is expected to be fulfilled in tranches over the next 12 months.
It is expected to contribute positively to the company's earnings and net assets, for the financial year ended June 30, 2025.
At 12.30pm, EG's share price rose eight sen or 3.6 per cent to RM2.30 with a market capitalisation of RM1.08 billion.