Pesona Metro active, up 5.88% on bagging job to build apartments

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KUALA LUMPUR (Sept 5): Pesona Metro Holdings Bhd rose 5.88% in active trade this morning after it secured a contract worth RM264.3 million to build two blocks of serviced apartments in Bandar Sri Damansara, Petaling Jaya from TA Global Bhd.

At 9.05am, Pesona Metro rose 2 sen to 36 sen with 16.90 million shares traded.

The proposed development, which comprises two blocks of serviced apartments at 33-storey and 28-storey each, carpark, and residential facilities, is for 32 months and will end on April 14, 2021.

Persona Metro said the project is expected to be funded via internal generated funds and accordingly, has no effect on the group’s gearing.