Gadang shares rise on RM86mil contract win
KUALA LUMPUR: Gadang Holdings Bhd ’s shares were strong in early trade jumping over 3% on news the firm secured a RM86mil contract.
Gadang rose 3.36%, or 2.5 sen to sen to 77 sen while Gadang-WB jumped 9.09%, or 2.5 sen to 30 sen.
The group has bagged a RM86.09mil contract from TRX City Sdn Bhd for the construction and completion of public realm works (Phase 1) at the Tun Razak Exchange.
The tender for the contract was called in January, following a pre-qualification exercise in October last year.
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