KUALA LUMPUR: Shares in GFM Services Bhd
jumped over 14% in early trade Friday after securing a RM6.3 mil contract extension.
The counter surged 14.52%, or 4.5 sen to 35.5 sen, its highest in three weeks. It is currently the third most active counters on Bursa Malaysia with 65.7 million shares done.
GFM’s wholly-owned subsidiary, Global Facilities Management Sdn Bhd’s contract with Iskandar Education Enterprise Sdn Bhd has been extended for another two years, from April 1, 2021 to March 31, 2023.
Under the RM6.3mil contract, GFM will continue to manage five areas within the EduCity Iskandar Malaysia’s (Educity) premises, namely the EduCity Compound, EduCity Hub, EduCity Complex 2, EduCity Village and EduCity Sports Complex in Iskandar Puteri, Johor.
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