KUALA LUMPUR (Dec 20): ZELAN BHD [] shares were actively trade and rose on Tuesday after its 95% subsidiary Terminal Bersepadu Gombak Sdn. Bhd. (TBGSB) received a letter of intent (LOI) from the Ministry of Works to upgrade the MRR2 road and Taman Melati interchange.
At 11.35am, Zelan was up two sen to 38 sen with 9.05 million shares done.
The company said on Monday that the LOI would remain valid for 6 months subject to terms and conditions and the pricing of the proposed upgrading works, failing which the governmenthad the right to terminate the LOI without any further notice.
At 11.35am, Zelan was up two sen to 38 sen with 9.05 million shares done.
The company said on Monday that the LOI would remain valid for 6 months subject to terms and conditions and the pricing of the proposed upgrading works, failing which the governmenthad the right to terminate the LOI without any further notice.
