AK Nathan’s Eversendai surges 90% after bagging projects worth RM5.4bil
PETALING JAYA: Things are looking up again for Eversendai Corp Bhd, whose shares surged 90% after announcing today it had snapped up four new projects worth RM5.4 billion in Saudi Arabia, the United Arab Emirates (UAE) and India.
At 3.47pm, its share price jumped 9.5 sen or 46.22% to 31 sen. However, it was turbo charged in the last hour of trading, ending 18 sen or 90.24% higher at 39 sen, valuing the group at RM297.4 million.
It was the fourth most actively traded stock on Bursa Malaysia with 130.4 million shares traded.
The new projects bump its current outstanding order book to a record high of RM6.6 billion, it said in a filing with Bursa Malaysia today.
The project in Saudi Arabia is for the structural steel signature building at the Trojena Ski Village, a year-round mountain resort destination.
The project in UAE involves structural steel works for the…
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