PETALING JAYA: Merge Energy Bhd has bagged a water-treatment project worth more than four times its market capitalisation via its wholly-owned subsidiary.
The small-scale construction and property development company said in a filing with Bursa Malaysia that its unit Mewah Kota Sdn Bhd had accepted the letter of award for a RM157.96mil project from the East Coast Economic Region Development Council for the construction and completion of the Ganchong water treatment works, main distribution pipeline, booster pump stations and associated works in Pekan, Pahang.
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