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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 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

Foreign investors offload US$1.05bil in Asian equities
Asean manufacturing PMI improves in Dec - S&P Global
Asian shares shrug off Venezuela impact and climb; oil volatile
Ringgit opens slightly lower as risk aversion lifts US$
FBM KLCI starts first full trading week of 2026 with early morning rally
Japan's factory activity steadies as demand declines slow, PMI shows
Trading ideas: Chin Hin, Enra, Go Hub, Vetece, Pmesti, Pekat, Press Metal, Suria Capital, Theta Edge
RM4.00 within reach
Auto market switching to slow lane
Axis-REIT Johor industrial property buy a positive

Others Also Read