Saturday 04 May 2024
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KUALA LUMPUR (March 24): Shares in Dayang Enterprise Holdings Bhd rose 1.66% in the mid-morning on Thursday (March 24) after the firm said it had secured a contract for the provision of maintenance, construction and modification for Vestigo Petroleum Sdn Bhd.

At 10.18am, Dayang had added 1.5 sen to 92 sen, with 1.21 million shares done. It earlier rose to a high of 93 sen.

The project was awarded to the group's wholly-owned unit Dayang Enterprise Sdn Bhd, according to a bourse filing.

Dayang said the value of the contract is based on work orders issued by Vestigo throughout the contract duration and shall include any or all other works and services, which are generally related to the scope of works in this contract at a fixed schedule of rates.

The contract, which is effective from Feb 25, 2022 until July 16, 2023, is expected to contribute positively to the company's earnings.

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