KUALA LUMPUR (Oct 31): Piling specialist Econpile Holdings Bhd has bagged a RM24.09 million contract to undertake substructure works for a private hospital in Kota Bharu, Kelantan. The hospital comprises a 12-storey hospital block and 11-storey carpark block, the group said in a Bursa Malaysia filing. Econpile said its wholly-owned subsidiary, Econpile (M) Sdn Bhd, was awarded the contract by Kota Bharu Medical Centre Sdn Bhd. Shares of Econpile closed unchanged at 14 sen on Monday (Oct 31), giving the group a market capitalisation of RM198 million. The stock has fallen by 57.58% year to date, from 33 sen on Jan 3.

Source: The Edge Markets October 31, 2022 23:40 UTC