KUALA LUMPUR: Muhibbah Engineering (M) Bhd ’s shares got a boost in morning trade after the group clinched a RM57.6mil contract from Prasarana Malaysia Bhd. The counter rose 18 sen, or 5.98% to RM3.19. Muhibbah has secured a RM57.6mil contract from Prasarana for engineering work on the Light Rail Transit Line 3 (LRT3). The award was accepted via a joint venture that the group has a 49% stake in. The contract will be for the design, supply, delivery, installation, testing and commissioning of noise barrier for package NBE (E) of the LRT3 from Bandar Utama to the Johan Setia station.

Source: The Star March 12, 2018 02:03 UTC