Tuesday, December 20, 2011

Mitrajaya advances after landing biotech cluster job in Terengganu

KUALA LUMPUR (Dec 20): MITRAJAYA HOLDINGS BHD [] shares rose on Tuesday after it landed a RM21.89 million project in the herbal and bioTECHNOLOGY [] products clusters in Pasir Raja, Terengganu.

At 9.20am, Mitrajaya was up three sen to 50 sen with 2.9 million shares done.

It said on Monday that its unit Pembinaan Mitrajaya Sdn Bhd was awarded the project by the East Coast Economic Region Development Council (ECERDC) to build the farm establishment, buildings and infrastructure works at the clusters.

Mitrajaya said the contract was for a duration of 80 weeks and expected to be completed by July 2013, and would improve its future earnings.



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