Ekovest rises 4.89% after bagging DBKL job

KUALA LUMPUR (Nov 9): Ekovest Bhd shares rose 4.89% this morning after it bagged a RM157.25 million contract from DBKL to undertake improvement and beautification works here.

At 9.24am, Ekovest gained 11 sen to RM2.36 with 4.92 million shares done.

In a statement yesterday, Ekovest managing director Datuk Seri Lim Keng Cheng said with the latest contract, the group's total outstanding construction order book stands at RM5.7 billion.

Ekovest said its wholly-owned subsidiary EkoRiver Construction Sdn Bhd has received a letter of acceptance from DBKL for two work packages — Package 1C which stretches from Dataran Merdeka and Jalan Tun Perak to Jalan Tun Tan Cheng Lock and Package 1D which covers Masjid India.

The contract also includes the construction of an interceptor system and related works to improve the river water quality, including the water treatment system along the Sungai Gombak and Sungai Klang under the River of Life project.

Ekovest said the completion period for the works is 104 weeks. — theedgemarkets.com