Quick take: Mudajaya shares rise on Suke contract news

  • Stock on the Move
  • Wednesday, 22 Jan 2020

KUALA LUMPUR: Shares of Mudajaya Group Bhd rose in active trading on Wednesday, after the company announced that it has secured a contract to supply street lighting for Suke.

The group added 2.86%, or 1.5 sen to 54 sen with 5.14 million shares traded.

Mudajaya has secured a RM31.99mil contract to supply and maintain street lighting and traffic light system for the Sungai Besi–Ulu Kelang Elevated Expressway (SUKE) project.

The contract — which entails the supply, delivery, installation, testing, commissioning and maintenance of street lighting, high mast and traffic light system — was awarded to its wholly-owned subsidiary Mudajaya Corp Bhd by Turnpike Synergy Sdn Bhd.

With this contract award, Mudajaya said its outstanding order book now stands at RM1.4bil.

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