Thursday, September 15, 2011

Cypark advances on new RM29.88m contract

KUALA LUMPUR: CypARK RESOURCES BHD [] shares received a boost on Thursday, Sept 15 from the RM29.88 million contract it secured from Putrajaya Holdings Bhd for infrastructure, landscape and road works in Putrajaya.

At 10.25am, Cypark rose four sen to RM1.77 with 153,000 shares traded.

The company had earlier today announced that it had accepted the letter of award for the project from Putrajaya Holdings on Sept 14.

Cypark said the contract was to be completed in September 2013.

'The works are expected to contribute positively to the earnings of Cypark for the financial years ending Oct 31, 2011 and 2012,' it said.

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