KUALA LUMPUR (Oct 2): Shares in GFM Services Bhd rose 5.71% this morning after it clinched a three-year contract to provide operations and maintenance services at Villages 1 and 2 and their associated facilities at the Pengerang Integrated Complex (PIC) in Johor from Petroliam Nasional Bhd (Petronas).
At 9.15am, GFM had gained one sen to 18.5 sen, with a market capitalisation of RM96.11 million.
The actual contract value was not stated, with GFM saying Petronas will pay it a non-escalating and fixed unit rate as specified in the letters of award issued.