Silver Ridge shares climb to 22.5 sen after securing new contract
The subsidiary, Total SR Web 3.0 Sdn Bhd, will be involved in the installation of IIKV aluminium XLPE cables and accessories for Elektron Berkat Sdn Bhd's asset development for all zones of the distribution network division.
At 10 am, shares of the telecommunication system architecture and design company rose 2.5 sen to 22.5 sen, with 21.08 million shares traded.
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Silver Ridge shares climb to 22.5 sen after securing new contract
KUALA LUMPUR: Ace Market-listed Silver Ridge Holdings Bhd emerged as one of the most actively traded counters at the opening after its 51 per cent-owned subsidiary secured a RM16.9 million contract for the installation of underground cables. The subsidiary, Total SR Web 3.0 Sdn Bhd, will be involved in the installation of IIKV aluminium XLPE cables and accessories for Elektron Berkat Sdn Bhd's asset development for all zones of the distribution network division. At 10 am, shares of the telecommunication system architecture and design company rose 2.5 sen to 22.5 sen, with 21.08 million shares traded.
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Silver Ridge wins RM16.9mil underground cable job
KUALA LUMPUR: Silver Ridge Holdings Bhd 's 51%-owned subsidiary, Total SR Web 3.0 Sdn Bhd, has secured a RM16.9mil contract from Elektron Berkat Sdn Bhd. In a filing with Bursa Malaysia, the telecommunication system solutions provider said the contract involves the installation, testing and commissioning of underground cables and accessories under TNB-Mainhead's distribution network asset development. The contract is scheduled to commence on July 18, 2025 and is expected to be completed by June 20, 2027. The contract is not expected to have any material impact on SRHB Group's capital, shareholding, net assets or gearing, but is expected to contribute positively to its earnings for the financial year ending 30 June 2025, barring unforeseen circumstances.
