Thursday, April 21, 2011

TRC up on Putrajaya housing contract

KUALA LUMPUR: TRC SYNERGY BHD []'s shares advanced on Thursday, April 21 after its unit unit Trans Resources Corporation Sdn Bhd secured a contract to undertake the CONSTRUCTION [] of two types of public housing at Precinct 8 (Phase 1), Putrajaya worth RM43.8 million.

At 9.05am. TRC was up seven sen to RM1.63 with 166,600 shares done.

TRC said the contract was scheduled to be completed within 20 months. The project involved the construction of 40 units of three-storey semi-detached and four two-and a half-storey semi detached public housing in Putrajaya.

Including this contract, TRC has an order book close to RM1.3 billion, which will keep the company busy for the next three years.

TRC had also submitted numerous tenders for the SCORE projects worth more than RM1 billion.

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