KUALA LUMPUR: Shares of Aturmaju Resources Bhd gained 15.48% in early trade after the company has entered into a Memorandum of Understanding (MoU) for intelligence project in Kuala Selangor.
Aturmaju rose 15.48%, or 6.5 sen to 48.5 sen with 2.9 million shares done. Aturmaju-PA gained 14.29%, or two sen to 16 sen with 6.2 million shares traded.
Aturmaju plans to jointly develop an intelligence modern lifestyle project in Kuala Selangor with Perkasa Selalu Sdn Bhd.
The company said its information technology arm ARB Development Sdn Bhd has entered into a MoU with Perkasa Selalu on the proposed joint venture (JV).
Under the JV, ARB Development will provide smart home engineering system integration, procurement and commissioning of the project. The proposed contact value is RM78mil.