Contract wins boost shares in Cabnet
KUALA LUMPUR: Cabnet Holdings Bhd shares were strong in early trade jumping nearly 9% on news the firm secured a RM12.2mil contract.
Cabnet rose 8.82%, or three sen to sen while Cabnet-WA jumped 13.33%, or one sen to 8.5 sen.
Cabnet's unit has secured a RM12.22mil contract for the provision of extra low voltage works for nine 40-storey blocks of serviced apartments (4,033 units) located in Forest City, Mukim Tanjung Kupang, Johor.
The contract was awarded to its wholly-owned subsidiary Cabnet Systems (M) Sdn Bhd (CSM) by Country Garden Pacificview Sdn Bhd.
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