Monday, April 18, 2011

Masteel, KUB up on Iskandar Malaysia commuter train job

KUALA LUMPUR: Shares of Malaysia Steel Works (KL) Bhd and KUB MALAYSIA BHD [] advanced on Monday, April 18 after Johor Menteri Besar Datuk Abdul Ghani Othman approved the proposed RM1.23 billion intra-city commuter train service in Iskandar Malaysia which would involve a100km rail network.

The project would be undertaken by Metropolitan Commuter Network Sdn Bhd - a joint venture between Masteel and KUB.

At 9.45am, Masteel rose five sen to RM1.47 and KUB added three sen to 84 sen.

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