Tuesday, May 24, 2011

Quality, Puncak up on RM667m rural water supply project

KUALA LUMPUR: Shares of Quality Concrete Bhd advanced in morning trade on Tuesday, May 24 after its joint venture with PUNCAK NIAGA HOLDINGS BHD [] inked a RM667.32 million rural water supply project in Sarawak.

At 11.51am, Quality was up 13 sen to RM1.38 while Puncak added two sen to RM2.10.

On Monday, Puncak said the 40:60 Konsortium Puncak Niaga Holdings Bhd-Quality Concrete had signed the contract to supply rural water from 2010 to 2012. The completion period is Dec 31, 2012.

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