Fitters shares rise 3.7% in early trade

KUALA LUMPUR: Fitters Diversified Bhd’s shares got a boost in early trade following its appointment as pipe supplier for Felda’s RM58mil project in Pahang.

The counter rose 3.7%, or 1.5 sen to 42 sen. It has fallen some 1.2% so far this year.

Fitters Diversified announced that its subsidiary had been appointed the strategic supplier of specialised pipes for Felda Water Sdn Bhd’s RM57.9mil project involving Orang Asli villages in Pahang.

Molecor (SEA) Sdn Bhd was appointed following the inking of a collaborative Memorandum of Understanding between Molecor and Felda Water to explore and co-operate in the application and use of HYPRO PVC-O pipes in water and wastewater projects in Malaysia and the region.

Felda Water — a wholly-owned subsidiary of Lembaga Kemajuan Tanah Persekutuan (FELDA) — was awarded a contract by the Energy, Green Technology and Water Ministry to install and commission approximately 80km of main and distribution pipelines to supply treated water to 14 Orang Asli villages throughout five districts in Pahang.

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