AIZO Construction Secures MYR9 Million Subcontract; Shares Rise 17%
AIZO Construction (KLSE:AIZO) secured a 9.1 million ringgit letter of award from Xense Design for road and drainage works at a proposed transit-oriented development in Malaysia, according to a Friday filing with the Malaysian Exchange.The subcontract, secured by subsidiary AIZO Construction, comprises three blocks of serviced apartments with 2,796 units and ancillary facilities.Shares of the construction company rose 17% in recent trade.