Wednesday, September 7, 2011

Mengkuang Dam sub-contract lifts Taliworks

KUALA LUMPUR: TALIWORKS CORPORATION BHD [] shares rose on Wednesday, Sept 7 on positive investor view of the company securing a RM339.39 million sub-contract for the Mengkuang Dam expansion project.

At 9.50am, Taliworks gained two sen to RM1.14 with 30,000 shares traded.

Taliworks said on Sept 6 that the sub-contract involved earthworks for CONSTRUCTION [] of dam, draw-off tunnel and others over a 60-month period.

The completion date is July 31, 2016, it said.

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