PETALING JAYA, Resintech Bhd has formalised a contract agreement with the Phnom Penh Water Supply Authority (PPWSA) for the supply and delivery of high-density polyethylene (HDPE) pipes and fittings, valued at approximately RM16.5 million.
In its filing with Bursa Malaysia, the plastics pipes, water tanks and fittings manufacturer said the contract, which commenced on Sept 15, 2025, carries a tenure of five months. Under the agreement, Resintech will undertake the manufacturing, supply, and delivery of HDPE pipes and related fittings to support PPWSA’s water infrastructure projects.
The company emphasised that the contract would not have any impact on its share capital or shareholding structure. However, it is expected to contribute positively to Resintech’s financial performance and strengthen its balance sheet. Specifically, the deal is anticipated to enhance the group’s earnings and net assets per share for the financial year ending March 31, 2026, and continue to have an effect until the contract’s completion. “Barring any unforeseen circumstances, the contract is projected to deliver a positive contribution to the company’s overall performance,” Resintech said in the filing.
The company further noted that the agreement is in line with its ongoing efforts to broaden its presence in regional markets, underscoring its capability to support large-scale infrastructure and utility projects.
Resintech also stated that it does not anticipate any exceptional risks arising from this agreement apart from the usual operational risks inherent in the execution and delivery of such contracts.
The deal with PPWSA is seen as a strategic milestone that may pave the way for further collaborations in Cambodia and neighbouring markets, supporting Resintech’s long-term growth trajectory.
