Anzo shares rise on contract win – Business News

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KUALA LUMPUR: Shares in Anzho Holdings Bhd were boosted in early trade on Wednesday after it announced it was awarded a RM28.91mil contract.


The timber product makers have been hovering around eight sen for the past few trading session. It gained 5.88%, or 0.5 sen to nine sen with over 6.6 million shares traded.


Anzo announced yesterday that its construction unit has been awarded a RM28.91mil sub-contract for the construction of a 14-storey new office building in Jalan Hospital Bandar, Ipoh, Perak.


The job was awarded by QuicBuild System Sdn Bhd, a private limited company incorporated in Malaysia that is principally involved in building construction and development.


Anzo said its wholly-owned unit Anzo Construction Sdn Bhd (ACSB) had accepted the letter of award to be appointed as sub-contractor for supply materials, labour, tools equipment, workmanship, and machineries for the execution of the said building and infrastructure works.



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