Thursday 28 Mar 2024
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KUALA LUMPUR (Aug 9): Zecon Bhd shares fell 6.25% this morning after it received a notice of termination from the Public Works Department (JKR) for the construction of Hospital Petra Jaya in Kuching Sarawak.

At 9.09am, Zecon fell 2.5 sen 37.5 sen with 460,100 shares traded.

The contract, worth RM495 million, was first awarded by JKR to Zecon in April 2013.

Zecon said the purported termination is wrongful and has sought legal advice on the termination.

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