KUALA LUMPUR (Nov 8): Ekovest Bhd has bagged a RM157.25 million contract from Kuala Lumpur City Hall (DBKL) to undertake improvement and beautification works here. In a statement today, Ekovest managing director Datuk Seri Lim Keng Cheng said with the latest contract, the group's total outstanding construction order book stands at RM5.7 billion. "The works are expected to contribute positively to the future revenue and earnings of Ekovest Group," it added. Trading in Ekovest shares has been suspended since Monday and will resume tomorrow (Nov 9). Prior to the suspension, Ekovest's share price closed 0.4% lower at RM2.25, giving it a market capitalisation of RM1.93 billion.

Source: The Edge Markets November 08, 2016 11:46 UTC