KUALA LUMPUR: Pasukahas Group Bhd surged over 35% at the opening bell on news it had secured a RM56.98mil contract for the construction of a data centre in Selangor.
The mechanical and electrical engineering outfit started the day's trading up five sen to 19 sen a share and settled at 17.5 sen a share at 10am on the back of 15.6 million shares changing hands.
In a filing with Bursa Malaysia, Pasukhas
said the letter of award from a leading multinational technology corporation marked a significant milestone towards the company’s strategic business expansion and is expected to strengthen its revenue and financial conditions upon completion of the project.
“The board is of the view that the project will not have any material effect on the issued share capital and substantial shareholders’ shareholdings of the company as there is no issuance of new ordinary shares in the company.
“The project is expected to contribute positively to the company’s future earnings of the Pasukhas Group and is not expected to have any immediate material effect on the earnings per share, net assets per share and gearing of the group,” it said.
