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Article: Abric locks in Macau job
- Article from:
- The Malay Mail
- Article date:
- February 21, 2005
- Author:
CopyrightCopyright 2005 The Malay Mail. Provided by ProQuest LLC. (Hide copyright information)
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ABRIC Bhd, a security seal maker listed on the second board of
Bursa Malaysia Bhd, is believed to have signed an agreement to
provide security seals for a casino operator in Macau, people
familiar with the matter said yesterday.
It is believed that the agreement was signed late last year, with
Abric having recently started supplying the casino with its specially
designed Spider Lock security seals.
While the contract doesn't have a fixed value to it, Mail Money
understands that Abric has received orders for as much as RM5 million
from the casino.
The agreement with the Macau casino operator is said to be in the
form of a one-year contract, with an option for yearly renewal, if
both parties ...