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

Trading ideas: IJM, Perak Corp, Kuchai, Favelle Favco, Reservoir Link, OpenSys, Teladan, PJBumi, AirAsia X, M&A Equity, Alliance Bank
AI boom deepens� global memory crunch�
Mixed outlook for Swift Haulage earnings potential
Product growth to enhance Farm Fresh valuation
Japan bonds slump as food tax cut talk adds to election risk
EU weaponising US assets a risk, Deutsche Bank’s Saravelos says
Growing market liquidity poised to buoy Nestle�
Gold and silver jump to record highs on Greenland tariff threats
Major Vietnam real estate firms delay bond interest payments
Advance GDP signals stronger end to 2025

Others Also Read