Monday 19 March 2012

Bumi Armada rises on report

Bumi Armada Bhd climbed 3.4 per cent to RM4.26, headed for its biggest gain since Nov. 16. The company is vying for a contract to build a floating production, storage and offloading vessel for Hess Corp, the Edge newspaper reported, citing unnamed people familiar with the matter. Bumi Armada Chief Executive Officer Hassan Basma is overseas and couldn’t immediately comment when phoned at his office today. -- Bloomberg



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