M-Mode shares jump 15% on RM260.5mil contract - Business News - News Summed Up

M-Mode shares jump 15% on RM260.5mil contract - Business News


KUALA LUMPUR: M-Mode Bhd shares jumped 15% in early trade Monday after it secured a RM260.57mil job for mixed commercial project in Sabah. M-Mode is one of the biggest mover, rising 15.79%, or 4.5 sen to 33 sen, its highest since mid-March. The company has secured a RM260.57mil contract to build a 25-storey mixed commercial development at Jalan Tun Fuad Stephens in Kota Kinabalu, Sabah. M-Mode said its wholly-owned subsidiary E&J Builders SB has accepted the letter of award from Titijaya PMC SB to appoint E&J as the contractor for the proposed project. The project is expected to be completed within three years by May 6, 2021.


Source: The Star June 11, 2018 01:07 UTC



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