Dayang active, up 1.42% after landing 5-year contract from SEA-Hibiscus

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KUALA LUMPUR (May 2): Shares in Dayang Enterprise Holdings Bhd rose 1.42% in active trade this morning after its unit Dayang Enterprise Sdn Bhd has been awarded a five-year contract by SEA Hibiscus Sdn Bhd for the provision of maintenance, construction and modification (PM-MCM) works.

At 9.15am, Dayang added 2 sen to RM1.43 wurh 2.95 million shares traded.

The value of the contract will be based on work orders issued by Sea Hibiscus throughout the contract duration starting Nov 2, 2018, and ending on July 16, 2023. The contract also includes a one-year extension option.