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Theta Edge's Malaysian JV Bags MYR3.03 Billion Contract

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Theta Edge's (KLSE:THETA) joint venture with Malaysian Resources will carry out a 3.03 billion turnkey contract for the Penang Mutiara Line light rail project, according to a Friday filing with Bursa Malaysia.

The project will be carried out over a period of around six years from commencement.

The technology and engineering services provider has a 10% stake of MRCB-Theta Edge JV, which will handle the engineering, procurement, design, construction, testing, commissioning and maintenance of the railway systems.

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