Cabinet accepts MMC-Gamuda offer


Works get nod: A file picture showing MMC-Gamuda tunnelling crew from its Tunnelling Training Academy at work. MMC-Gamuda made an offer to reduce the cost of MRT2 underground works by RM3.6bil, or 21.5, to RM13.11bil. The offer has been accepted.

PETALING JAYA: Shares of Gamuda Bhd and MMC Corp Bhd jumped after the Finance Ministry gave the green light on the continuation of underground works for the Mass Rapid Transit Sungai Buloh-Serdang-Putrajaya Line (MRT2) project at a reduced cost.

Gamuda’s shares rose 15 sen, or 6.47%, to close at RM2.47, while shares of MMC Corp Bhd gained four sen, or 3.57%, to end at RM1.16 yesterday.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Gamuda , MMC , MRT2 , construction

Next In Business News

Coastal Contracts seeks to up capacity in Mexico
Lower input costs a plus for businesses
Sunview unit takes over solar plant for RM70mil
Sasbadi eyes growth via new curriculum tenders
TT Vision bags RM7mil worth of orders
PBoC defies Wall Street
Topmix set for stronger revenue, thanks to thriving property sector
Vietnam EV maker weighs overseas IPO
Cypark redeems RM235mil sukuk early
Meta to acquire Chinese AI�startup firm

Others Also Read