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Hot Stock Tanjung Offshore gains 4.81% on RM200m Petronas EPCC job

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Hot Stock Tanjung Offshore gains 4.81% on RM200m Petronas EPCC job Empty Hot Stock Tanjung Offshore gains 4.81% on RM200m Petronas EPCC job

Post by Cals Fri 26 Sep 2014, 18:22

Hot Stock Tanjung Offshore gains 4.81% on RM200m Petronas EPCC job
Business & Markets 2014
Written by Surin Murugiah of theedgemalaysia.com   
Friday, 26 September 2014 09:19

KUALA LUMPUR (Sept 26): Tanjung Offshore Bhd shares rose in eraly trade on Friday after it secured a RM200 million engineering, procurement, installation and commissioning (EPIC) contract from Petronas Carigali Sdn Bhd.
At 9.01am, Tanjung added 4.81% or 2.5 sen to 54.5 sen with 84,500 shares done, while its warrant gained 3.64% or one sen to 28.5 sen with 405,300 units traded.
The contract, which was secured through the group’s wholly-owned subsidiary Tanjung Offshore Services Sdn Bhd has duration of three years beginning Sept 05, 2014, with an option to extend for an additional one year until Sept 05, 2018. 

The contract comprises the provision of EPIC of facilities for the ORIGINS (operational reliability and integrity gauging of instrument based safeguards) project that covers both Peninsular Malaysia and East Malaysia.
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