Monday, June 6, 2011

Mudajaya rises on RM720m sub-con job

KUALA LUMPUR: MUDAJAYA GROUP BHD [] share rose in early trade on Monday, June 6 after its ''unit Mudajaya Corporation Bhd been given a letter of intent to design and build a component of the Manjung power plant for a sub-contract valued at RM720 million.

At 9.10am, Mudajaya gained 13 sen to RM4.73 with 131,500 shares traded.

Mudajaya Corp was the given the letter on June 2 by CMC Machipex Sdn Bhd to build the balance of plant component of Manjung No. 4 Power Plant Project.

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