CTIB to supply RM22mil in water assets

PETALING JAYA: Cosmos Technology International Bhd (CTIB) has accepted a letter of acceptance from Ranhill Utilities Bhd for the supply and delivery of water-asset equipment and spare parts worth RM22.3mil to the latter’s stores and locations in Johor.

CTIB is principally engaged in the distribution of industrial automation and control instrumentation and servicing of fluid control products.

In a filing with Bursa Malaysia, the company said the contract period is two years, commencing from Dec 1 to Nov 30, 2027.

CTIB said the contract is expected to contribute to the earnings and net assets of the group from its financial year ending April 30, 2026, as and when the group generates revenue from the contract.