KUALA LUMPUR (March 22): Pesona Metro Holdings Bhd shares rose 2.6% in early trade today after a joint venture involving the company bagged construction works for the proposed teaching hospital of Unversiti Sultan Zainal Abidin worth RM313.85 million.
At 9.24am, Pesona Metro rose 1 sen to 39.5 sen with 9.49 million shares done.
Pesona Metro told Bursa Malaysia in a filing today it secured the contract through an unincorporated joint venture formed by its wholly-owned subsidiary Pesona Metro Sdn Bhd together with GPQ Sdn Bhd and Semarak Korporat Sdn Bhd.
GPQ is a subsidiary of Terengganu Incorporated Sdn Bhd and is involved in construction works.
According to Pesona Metro, the project is for a period of 182 weeks from the date of possession of site today. The group expects the contract to contribute positively to its earnings.