KUALA LUMPUR:'' Shares of RANHILL BHD [] rose to a high of 91.5 sen in late afternoon trade on Thursday, Jan 27 after it stated its subsidiary has a 70% stake in the JV which was awarded a RM1.07 billion contract.
At 3.31pm, it was up 7.5 sen to 91 sen. There were 8.70 million shares done traded at prices ranging from 86.5 sen to 91.5 sen.
Ranhill announced to Bursa Malaysia during the midday break that its 51% owned Ranhill WorleyParsons Sdn Bhd has a 70% stake in the consortium with MUHIBBAH ENGINEERING (M) BHD [], making it the major beneficiary.
The consortium was awarded a RM1.07 billion contract from PETRONAS GAS BHD []. The project involves the engineering, procurement, CONSTRUCTION [], installation and commissioning for the LNG regasification unit, berth and subsea pipeline in Melaka.
At 3.31pm, it was up 7.5 sen to 91 sen. There were 8.70 million shares done traded at prices ranging from 86.5 sen to 91.5 sen.
Ranhill announced to Bursa Malaysia during the midday break that its 51% owned Ranhill WorleyParsons Sdn Bhd has a 70% stake in the consortium with MUHIBBAH ENGINEERING (M) BHD [], making it the major beneficiary.
The consortium was awarded a RM1.07 billion contract from PETRONAS GAS BHD []. The project involves the engineering, procurement, CONSTRUCTION [], installation and commissioning for the LNG regasification unit, berth and subsea pipeline in Melaka.
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