KUALA LUMPUR (Oct 18): Kumpulan Perangsang Selangor Bhd (KPS) shares rose 3.70% this morning after the company said its 51%-owned subsidiary Aqua-Flo Sdn Bhd has bagged a RM162.5 million contract from Pengurusan Air Selangor Sdn Bhd to supply and deliver chemicals.
At 9.15am, KPS rose 5 sen to RM1.40 with 462,100 shares traded.
Under the contract, Aqua-Flo will be providing chemicals to water treatment plants in Selangor, Kuala Lumpur and Putrajaya for a two-year period, commencing Nov 1.
The contract is expected to contribute positively to Kumpulan Perangsang for the financial years ending Dec 31, 2018 to 2020, it said.