KUALA LUMPUR: SCOMI ENGINEERING BHD [] shares advanced in early trade on Tuesday, Aug 2 after a consortium including the company finally inked an agreement with the Sao Paulo Metropolitan Company for the monorail system.
At 9.05am, Scomi Engineering rose 8.5 sen to 90 sen with 78,400 shares traded, while Scomi added one sen to 33.5 sen with 1.4 million shares done.
The agreement was signed on July 30 in Brazil for the project which involves the design, manufacture, supply and implementation of the monorail system. The project contract was for the RM2.6 billion Line 17 monorail project in Sao Paulo.
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At 9.05am, Scomi Engineering rose 8.5 sen to 90 sen with 78,400 shares traded, while Scomi added one sen to 33.5 sen with 1.4 million shares done.
The agreement was signed on July 30 in Brazil for the project which involves the design, manufacture, supply and implementation of the monorail system. The project contract was for the RM2.6 billion Line 17 monorail project in Sao Paulo.
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