RM243 Million Contract Signed, WZ Satu Shares Jump 25%! - Kakiforex.com - Financial Market Media No. 1 in the World RM243 Million Contract Signed, WZ Satu Shares Jump 25%! RM243 Million Contract Signed, WZ Satu Shares Jump 25%!
InstaForex

April 16, 2021

RM243 Million Contract Signed, WZ Satu Shares Jump 25%!

 Shares of WZ Satu Bhd jumped 25% in this morning's trading session after signing a contract worth RM243.44 million for the provision of engineering, procurement, construction and operation of effluent management projects at the source level.


At 10.16am, WZ Satu rose four sen to 20 sen with 5.41 million shares traded. The shares were up 21.5 sen earlier.



In a statement to Bursa Malaysia yesterday, WZ Satu Bhd's wholly -owned subsidiary, WZS Setia Sdn Bhd received a Letter of Appointment (LOA) from Malaysian Refining Company Sdn Bhd (MRCSB) on Tuesday.


“The contract period is for 27 months and is targeted to be completed on or before June 30, 2023.


“The contract is expected to contribute positively to the future earnings and net assets per share of the company for the financial year ended 31 December 2021; 31 December 2022 and 31 December 2023, ”said WZ Satu as reported by Bernama.