Friday 27 January 2012

Alam Maritim rises on Samsung Engr deal

Alam Maritim Resources Bhd, an oil and gas services provider, rose 4.6 percent to 79 sen in Kuala Lumpur trading at 9.30am, set for its steepest gain since Oct. 13.

The company won a US$37 million contract from Samsung Engineering (Malaysia) Sdn Bhd to build pipelines for an oil and gas terminal in eastern Sabah state, according to a company statement. -- Bloomberg



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