Aemulus Corporation Sdn. Bhd. a wholly-owned subsidiary of the company has announced that the group had secured new orders worth approximately RM37.9 million.
According to the Bursa filing, the company adds the new secured orders comes from its existing customer base in Malaysia and is involved in the automotive industry for the test systems for automotive devices. The secured orders are expected to be fulfilled from August 2022 until June 2026.
The secured orders are expected to contribute positively to the earnings of the Company for the financial year ending 30 September 2022 and the subsequent financial years. The contracts are not expected to have any material effect on the net assets per share of the Company for the financial year ending 30 September 2022. The secured orders will not have any effect on the share capital and shareholding structure of Aemulus.
The potential risk factors affecting the secured orders include execution risks such as availability of skilled manpower and materials, changes in prices of materials, disruption of the supply chain, reduction in demand, and changes in political, economic, and regulatory conditions.
