KUALA LUMPUR (Jan 30): Shares in Kejuruteraan Asastera Bhd (KAB) rose 5.38% at mid-morning today after it won an electrical installation services contract worth RM20 million from Kerjaya Prospek Group Bhd for a hotel, office and serviced apartment project in the city.
At 10.03am, KAB rose 10 sen to RM1.96, valuing it at RM725.65 million.
KAB said its role as a subcontractor involves the supply, delivery, installation, testing and commissioning of the services.
Work commenced Jan 29 and is expected to be completed by Nov 1, 2022, it added.