Wednesday, April 27, 2011

Kencana rises on Kebabangan job

KUALA LUMPUR: KENCANA PETROLEUM BHD [] shares rose on Wednesday, April 27 after its unit secured a RM208 million contract for the fabrication of a substructure for the Kebabangan northern hub development project.

At 9.05am, Kencana was up three sen to RM2.71 with 820,200 shares traded.

Under the contract, Kencana HL Sdn Bhd would build and commission the substructure for the Kebabangan northern hub.

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