Awantec lands RM8.68 million system contract from TH Plantations
The Sage X3 deployment will extend across TH Plantations’ companies, estates and palm oil mills under a 60-month contract.
Awantec Bhd has obtained a contract worth RM8.68 million from TH Plantations Bhd for an enterprise resource planning (ERP) system, according to its Bursa Malaysia filing.
The company said Awantec Systems Sdn Bhd, its wholly-owned subsidiary, accepted the award on Oct 20. The 60-month term starts on Oct 1, 2026, and ends on Sept 30, 2031.
The subsidiary will supply the Sage X3 system to TH Plantations and its subsidiaries. Its responsibilities also include implementation and configuration, as well as testing, training and commissioning. Support and maintenance form part of the work.
The system will serve the plantation group’s companies, estates and palm oil mills. Awantec expects the contract to improve its earnings per share and its net tangible assets per share throughout the term.
At the Oct 20 close, Awantec traded at 21 sen, having lost one sen or 4.55%, with market capitalisation at RM166 million. TH Plantations finished at 50 sen, unchanged, and had a market value of RM442 million.
