GFM Services Bhd's Subsidiary Receives Revised Release Order Valued at RM104.2mil for Pengerang Complex

GFM Services Bhd's subsidiary Shapadu CR Asia Sdn Bhd has received a revised release order from Pengerang Refining Company Sdn Bhd, increasing the estimated value by 56% to RM104.2 million. The revised value represents an increase of RM37.4 million from the previous RM66.8 million announced on August 4, 2026. The works are expected to commence in March 2027 and contribute positively to GFM's earnings for the financial year ending December 31, 2027.