Pasukhas Group Berhad gained strengthening momentum in the trading session on Bursa Malaysia after rising by 30 sen or 103.45% to a 10 -month high of 59 sen.
The increase follows the signing of a collaboration agreement with Vsolar Group Bhd to provide engineering, procurement, construction and commissioning (EPCC) to the solar agriculture industry.
At 11.15am, the Pasukhas counter rose six sen or 20.69% to 35 sen.
The counter was also the most actively traded stock with 154.45 million shares traded.
Meanwhile, Vsolar was the second most actively traded stock with 118.02 million shares changing hands.
The counter was unchanged at 1.5 sen after rising two sen high in this morning's trade.
In a statement yesterday, the two sides announced that they are embarking on a collaboration for the solar agriculture industry in fulfilling a large number of solar projects that will be operational in the next 24 months.
The collaboration will see the two companies combine their resources to create a project management, implementation and management team that will continue to meet any large-scale solar project (LSS) in the future that requires turnkey operators to operate.
According to the statement, the collaboration has begun negotiations with several renewable energy -based infrastructure and funds to provide a complete solution package including capex financing.
"This collaboration aims to provide a holistic financing, design, construction and operation platform to all recipients of LSS4 tenders," said the two companies.
