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PTT Synergy said the bonus issue is to reward shareholders and encourage the trading liquidity of its shares on the stock exchange.

Advancecon, an earthworks and civil engineering specialist, will contribute its technical, sales and marketing expertise for the execution of the JV's projects, focusing on upgrading and constructing new centralised labour quarters.

The company said its role was to mainly provide horizontal coordination with up to 42 agencies, while the respective agencies under multiple ministries spearheaded the project.

Tafi rose as much as 9.

The tenure for the construction of the main building and associate works is 42 months, with a contract value of RM186.

The contract, which was awarded by VED Engineers Sdn Bhd to the group's wholly-owned subsidiary Minetech Construction Sdn Bhd, commenced on June 28, 2024 and is slated for completion within three months, Minetech said in a bourse filing on Friday.

Up to 60 students from Sekolah Kebangsaan Semenyih, Sekolah Jenis Kebangsaan (Cina) Kampung Baru Semenyih, Sekolah Kebangsaan Bukit Tampoi and Sekolah Jenis Kebangsaan (Tamil) Ladang Rinching attended the fun and educational event.

Aneka Holdings anticipates the sub-contract to contribute positively to the group's consolidated earnings and net assets for the financial years ending Aug 31, 2024 (FY2024) and FY2025, during the duration of the sub-contract.

Economy Minister Rafizi Ramli said this approach aims to prevent the government from repeating past mistakes and to mitigate the risk of wasting taxpayer money on infrastructure.

The entitlement date for the bonus issue will be determined later, the group said, adding that the warrants' entitlement date will be announced after the completion of the bonus issue.