Monday, July 4, 2011

Tanjung Offshore gains on Petronas job

KUALA LUMPUR: TANJUNG OFFSHORE BHD [] shares advanced on Monday, July 4 after it bagged an RM50 million contract by Petronas Carigali Sdn Bhd to provide three offshore support vessels for periods ranging between one and three years.

At 9.10am, Tanjung rose six sen to RM1.05 with 55,000 shares traded.

Tanjung said last Friday that the contract would see it providing the ships for the primary period from June and July 2011 respectively with options to extend between one and two years.

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