Metronic active, up 7.14% on winning RM19m job in Warisan Merdeka project

TheEdge Wed, Sep 11, 2019 09:22am - 4 years View Original


KUALA LUMPUR (Sept 11): Metronic Global Bhd rose 7.14% in active trade this morning after it won an audio visual and information technology system subcontract worth RM18.7 million for Permodalan Nasional Bhd's (PNB) 118-storey Warisan Merdeka skyscraper project.

At 9.03am, Metronic added 0.5 sen to 7.5 sen with 9.19 million shares done, valuing the firm at RM84.94 million.

Metronic said the subcontract was awarded by Samsung C&T Corporation UEM Construction JV Sdn Bhd (formerly known as KL 118 Tower Sdn Bhd) to its wholly-owned subsidiary Metronic Engineering Sdn Bhd (MESB) on Aug 29.

The group said the contract is expected to contribute positively towards its earnings and net tangible assets for the contract period.

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