KUALA LUMPUR (Sept 27): TRC Synergy Bhd shares rose 3.06% at mid-morning today after a civil servant housing development project in Putrajaya, of which the group is the developer, was given the go-ahead by Perbadanan Putrajaya (PJC).

At 10.35am, TRC gained 1.5 sen to 50.5 sen for a market capitalisation of RM242.65 million.

The project, whose gross development cost is RM292.7 million, was axed seven months ago on the grounds of national interest.

See also: TRC Synergy gets go-ahead for RM293m civil servant housing project