Eneco Energy Limited announced that RichLand Logistics Services Pte Ltd, a wholly owned subsidiary of the Group, has entered into a contract with APB for the provision of domestic bulk transportation of APB's popular beverage brands, Heineken and Tiger, in Singapore. The contract entails daily stock replenishments "fresh from the oven" to APB's distributors island-wide, including key operating hubs. The contract is for a period of 3 years with an option of 2 years extension.

The new contract is not expected to have a material impact on the consolidated net tangible assets per share and earnings per share of the Group for the financial year ending 31 December 2023. None of the directors or substantial shareholders of the Company has any interest, direct or indirect in the aforesaid contract, save for their respective shareholdings in the Company and the Group.