Quick take: See Hup hits limit-up again


KUALA LUMPUR: See Hup Consolidated Bhd’s shares hit limit-up again, the second consecutive trading session.

The counter jumped 29.6%, or 37 sen to RM1.62 with 423,500 shares exchanged hands.

Last week, See Hup secured a RM99.01mil contract from China Communications Construction (ECRL) Sdn Bhd to construct part of the subgrade works for the ECRL project.

China Communications is the contractor of the mega project.

See Hup said its 51%-owned subsidiary SH Moment Builder Sdn Bhd will undertake the subgrade works for the ECRL.

The project will commence on March 1 for a duration of 28 months and will be funded via internally-generated funds and external borrowings.

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