Tuesday, July 13, 2010

MMC Corp shares advance after unit signs second gas pact

KUALA LUMPUR: MMC Corp Bhd's share price advanced on Tuesday, July 13 after its 41.8%-owned subsidiary Gas Malaysia signed a Second Supplemental Gas Supply Agreement with Petroliam Nasional Bhd (Petronas), for an additional supply of 82 million standard cubic feet per day (mmscfd) natural gas from Petronas.

The additional supply of the 82 mmscfd natural gas shall be effective until Dec 31, 2011, it said.

At 10.35am, MMC Corp added three sen to RM2.44 with 55,600 shares traded.

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