KUALA LUMPUR: Shares in Jati Tinggi Group Bhd
jumped by 15% in early trade on Tuesday after the company announced its RM14.88 million deal with Public Bank Bhd.
The infrastructure utilities engineering services provider rose 14.81%, or six sen to 46.5 sen with 6.87 million shares traded at 9.44am. The counter has risen 66% year-to-date.
Jati Tinggi, through its wholly-owned subsidiary Jati Tinggi Holding Sdn Bhd, has signed a memorandum of understanding with Public Bank.
The agreement involves installing photovoltaic (PV) solar panel systems across 135 branches, covering 333 properties. The project is valued at approximately RM14.88mil.
The installation of the solar panel systems is expected to begin in early 2025, with completion targeted within three years.
