Share
KUALA LUMPUR (June 16): Protasco Bhd shares rose 1.83% at mid-morning today after it secured a RM174.4 million infrastructure works contract from Central Spectrum (M) Sdn Bhd, a subsidiary of Kumpulan Hartanah Selangor Bhd.
At 10.30am, Protasco rose 2 sen to RM1.11 with 1.49 million shares traded.
The deal was sealed via its subsidiary KPS-HCM Sdn Bhd and is for the development of Phase 3C in Pulau Indah Industrial Park, Protasco said.
The group said the works are expected to be completed within 18 months from July 5, 2017 till Jan 5, 2019 and to contribute positively to its earnings for the financial year ending Dec 31, 2017. — theedgemarkets.com
For more stories, download TheEdgeProperty.com pullout here for free.
TOP PICKS BY EDGEPROP
Horizon Hills The Green
Iskandar Puteri, Johor
Kempas Utama Industrial Park
Johor Bahru, Johor
Freehold Agriculture Land @ Karak, Bentong (Water, Electricity, Tar Road with drainage DONE)
Desa Parkcity, Kuala Lumpur
Tasik Mewah Condominium
Seremban, Negeri Sembilan
