KUALA LUMPUR (Nov 1): Shares of Ekovest Bhd rose 2.28% at mid-morning today, after the company obtained development order for its EkoGateway @ KL River City project, which has a gross development value of RM2.6 billion.

At 10.43 a.m., Ekovest rose 5 sen to RM2.24, with 812,300 shares traded.

The project includes the construction of 300 units of 1Malaysia Civil Servants Housing, which will be priced between RM150,000 and RM240,000, Ekovest said in a press release today.

"Additionally, after the completion of this project, the government will allocate a total of RM130 million facilitation fund to Ekovest," the company said.

The fund is intended to aid the private sector, with respect to investments that have strategic impact and huge economic spill over. — theedgemarkets.com

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