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KUALA LUMPUR (Aug 1): Pintaras Jaya Bhd shares rose 3% at mid-morning today after its wholly-owned subsidiary in Singapore, Pintary International Pte Ltd, secured another nine new piling contracts collectively worth RM156 million (S$51 million) since April.
At 10.05am, Pintaras Jaya rose 8 sen to RM2.74 for a market capitalisation of RM454.47 million.
The commencement dates for these projects are in July and August, with contract periods varying from two to six months. The contracts are expected to contribute positively to the group's earnings.
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