Ireka up 3.33% on collaboration for infrastructure jobs
KUALA LUMPUR (Dec 5): Ireka Corp Bhd rose 3.33% at mid-morning today after it teamed up with the world’s largest manufacturer of rolling stock and rail-related products and systems CRRC Urban Traffic (Europe) Co Ltd (CRRC UT) for the collaboration in rail, urban traffic solution, tourism and infrastructure projects in Malaysia and Southeast Asia.
At 10.06am, Ireka rose 2 sen to 62 sen with 819,800 shares traded.
Ireka had also signed a share subscription agreement with CRRC UT to invest in Ireka and subsequently establish a joint venture relationship between both parties, of which Ireka holding 51% and CRRC UT holding 49%.— theedgemarkets.com
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