<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 10): Pestech International Bhd rose 2.76% this morning after it secured a sub-contract signalling system works worth RM75 million for the electrified double-track project from Gemas to Johor Bahru.</p></div>

<div class=newsTextDataWrapInner><p>At 9.03am, Pestech rose 4 sen to RM1.49 with 68,400 shares done.</p></div>

<div class=newsTextDataWrapInner><p>Pestech said the sub-contract was awarded to an unincorporated consortium, named Ansaldo STS Pestech Consortium, which was formed between its wholly-owned subsidiary Pestech Technology Sdn Bhd and Ansaldo STS Malaysia Sdn Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Pestech said the consortium had accepted a letter of award from another consortium consisting of SIPP Rail Sdn Bhd and Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The award is meant to appoint Ansaldo STS Pestech as sub-contractor for the turnkey engineering, procurement, construction and maintenance contract relating to the signalling system for the electrified double track project from Gemas to Johor Bahru.</p></div>

<div class=newsTextDataWrapInner><p>Pestech said the fixed sub-contract price is RM339 million, including optional items worth RM19.77 million.</p></div>

<div class=newsTextDataWrapInner><p>Nonetheless, Pestech said pursuant to the consortium, the total sub-contract price for the group’s portion of works is RM75 million.</p></div>


KUALA LUMPUR (Oct 10): Pestech International Bhd rose 2.76% this morning after it secured a sub-contract signalling system works worth RM75 million for the electrified double-track project from Gemas to Johor Bahru.

At 9.03am, Pestech rose 4 sen to RM1.49 with 68,400 shares done.

...

Pestech rises 2.76% on landing RM75m signalling system sub-con 

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