Frontken Corp emerges most active stock
Frontken Corp Bhd emerged as the most active stock after its unit, Frontken Malaysia Sdn Bhd, secured a RM110.6 million project from ATT Tanjung Bin Sdn Bhd in Tanjung Bin, Johor.
As of 10am, the company's shares rose 2.5 sen to 10 sen, with 56.36 million shares changing hands.
The newly-secured project was for the engineering, procurement, construction and commissioning works for ATB Ph-2 Terminal and Jetty Top-side facilities for the proposed development of a hydrocarbon storage and distribution facility.
The project is expected to be completed in 20 months.
Frontken Malaysia is involved in providing surface metamorphosis technology using thermal spray coating processes and a series of complementary processes, including mechanical and chemical engineering services.-- Bernama