KUALA LUMPUR (March 13): Gadang Holdings Bhd saw its share price rise 0.79% in active trade this morning, after it won an RM952 million MRT2 job last Friday. As at 10.40am, there was strong buying momentum, as 16.01 million shares exchanged hands and its share price rose by 0.79% or 1 sen to RM1.27. Last Friday, Gadang said its wholly-owned subsidiary Gadang Engineering (M) Sdn Bhd had received a letter of acceptance from MRT Corp, awarding the company the contract for Package V206 in a filing with Bursa. "Package V206 involves the construction and completion of viaduct guideway and other associated works from Serdang Raya to UPM. Its share price has risen by 3.28% on Friday and it has seen an increase of 20.95% year-to-date to its current level, giving it a market capitalisation of RM818.3 million.

Source: The Edge Markets March 13, 2017 03:22 UTC