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Ho Hup shares up on JV news

March 13, 2018 4:20 AM
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PETALING JAYA: Ho Hup Construction Co Bhd's share price rose half a sen or 1.02% this morning, after it entered into a joint venture agreement for the proposed development of a mixed project in Pahang with an estimated gross development value of RM180 million.

At 11.49am, the stock stood at 49.5 sen with 232,000 shares changing hands, giving it a market capitalisation of RM183.7 million.

The group said its wholly owned subsidiary Ho Hup Ventures (Kuantan) Sdn Bhd and Koperasi Serbausaha Makmur Bhd (Kosma) have entered into a joint venture agreement for the proposed development.

Ho Hup said the proposed joint venture will enhance the group's future earnings and the reputation and track record as a construction and property development company in Malaysia.

Source: thesundaily.my

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