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GTA's Subsidiary Signs Pact to Distribute Safran Helicopter's Products in Brunei Darussalam; Shares Up 8%

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Global Turbine Asia, a wholly-owned subsidiary of GTA Holdings (KLSE:GTA), entered into a distributor agreement with Safran Helicopter Engines Asia as an authorized non-exclusive distributor of the latter's selected engine products and services in Brunei Darussalam, according to a Friday filing to the Malaysian stock exchange.

The company's shares were up nearly 8% in Friday's trade.

The pact follows a memorandum of understanding signed between the two parties in July to develop a framework to expand their collaboration beyond Malaysia into Brunei Darussalam.

The agreement was set to remain in force until July 31, 2027.

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