KUALA LUMPUR (Dec 23): Muhibbah Engineering Bhd shares rose in early trade on Friday after the company and its Australian joint venture partner Monadelphous Group Limited landed a RM1.05 billion (AUD330 million) job to build an approach jetty and ship berth in Queensland.
At 9.05am, Muhibbah rose six sen to RM1.14 with 1.17 million shares done.
Muhibbah said on Thursday that Monadelphous Muhibbah Marine JV (MMM) had secured the contract to build the jetty and ship berth associated with the Wiggins Island Coal Export Terminal Pty Ltd’s (WICET) Project at Gladstone in Queensland.
MMM is a 50:50 joint venture between Muhibbah CONSTRUCTION [] Pty Ltd, a wholly owned subsidiary of Muhibbah in Australia and Monadelphous Engineering Pty Ltd, a wholly owned subsidiary of Monadelphous Group Ltd.
At 9.05am, Muhibbah rose six sen to RM1.14 with 1.17 million shares done.
Muhibbah said on Thursday that Monadelphous Muhibbah Marine JV (MMM) had secured the contract to build the jetty and ship berth associated with the Wiggins Island Coal Export Terminal Pty Ltd’s (WICET) Project at Gladstone in Queensland.
MMM is a 50:50 joint venture between Muhibbah CONSTRUCTION [] Pty Ltd, a wholly owned subsidiary of Muhibbah in Australia and Monadelphous Engineering Pty Ltd, a wholly owned subsidiary of Monadelphous Group Ltd.
