Tuesday, December 27, 2011

Sunway edges up on getting RM27.57m job from Hap Seng Land

KUALA LUMPUR (Dec 27): SUNWAY HOLDINGS BHD [] shares edged up on Tuesday after its unit ''secured a contract worth RM27.57 million from Hap Seng Land Development (JTR) Sdn Bhd for the CONSTRUCTION [] of pilings, basement and ground floor for one block of 43-storey service apartment at Jalan Tun Razak, KL.

At 9.48am, Sunway was up three sen to RM2.49 with 87,000 shares traded.

Sunway said on Friday that its wholly-owned subsidiary Sunway Construction Sdn Bhd's unit Sunway Geotechnics (M) Sdn Bhd had been awarded the contract.

The company said the project was targeted for completion by Dec 12, 2012, and was expected to contribute positively to its earnings for the financial year ending Dec 31, 2012 onwards.


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