Saturday 22 Jun 2024
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KUALA LUMPUR (Jan 29): See Hup Consolidated Bhd hit limit up today after securing a RM99.01 million contract from China Communications Construction (ECRL) Sdn Bhd to construct part of the subgrade works for the East Coast Rail Link (ECRL).

At 10.27am, See Hup had jumped 30 sen or 31.58% to RM1.25, making it as the fourth top gainer this morning, with 313,900 shares traded.

See Hup announced on Wednesday that its 51%-owned subsidiary SH Moment Builder Sdn Bhd will undertake the subgrade works for the ECRL.

The project will commence on March 1 for a duration of 28 months.

“The award is expected to contribute positively to future earnings and earnings per share (EPS) of the group,” it said.

Edited ByLam Jian Wyn
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