KUALA LUMPUR (Jan 17): Construction company Ekovest Bhd wins a RM6.32 billion job to build an expressway that consists of Kampung Baru Link, Istana Link and Kapar Link Expressway in the Klang Valley. The new expressway will link to the existing DUKE highway. The highway project is expected to be funded by internally generated funds, borrowings and/or other fundraising exercises. However, Ekovest added that the proposed project is subject to further negotiation between the parties and the principal approval is not binding until the relevant agreement between LDF2A and the government is executed. Ekovest closed 9 sen or 3.7% higher at RM2.52, with a market capitalisation of RM2.16 billion.

Source: The Edge Markets January 17, 2017 11:18 UTC