KUALA LUMPUR, Malaysia (July 8): T7 Global Bhd’s subsidiary T7 Aero Sdn Bhd has been named the Malaysia distributor for Atrax Group NZ Ltd’s weighing and measurement solutions for the airport and logistics sectors. T7 Global said Atrax designs and produces weighing, dimensioning, and related-control systems for the airport and logistics industries in a statement to Bursa Malaysia today.
“T7 Aero is authorized to market Atrax’s product line in Malaysia, with Atrax providing complete technical and service support.
“The board (of T7 Global) anticipates that the appointment will positively impact the company’s earnings and net assets for the fiscal year ending December 31, 2021,” T7 Global said.
T7 Global chairman Datuk Seri Dr Nik Norzrul Thani issued a separate press release today, which was attached to the company’s Bursa filing. T7 Aero’s designation as Atrax’s Malaysia distributor, according to Nik Hassan Thani, will boost T7 Global in its logistics contract tenders.
“We are currently working with Atrax to supply its weighing systems to our existing customer PTS Resources Sdn Bhd. “This appointment will further solidify our partnership with Atrax to continue pursuing more clients in the logistics sector as we aim to tap into the booming logistics business via Atrax, as we aim to tap into the booming logistics business following the growth in e-commerce “Nik Norzrul Thani expressed his thoughts.
T7 Global shares were unchanged at 36.5 sen at 3.04pm today, with a market capitalization of RM231.36 million.
T7 Global has 633.86 million shares in circulation./n
