KUALA LUMPUR (June 26): Handal Resources Bhd’s shares rose on Tuesday after its unit Handal Offshore Services Sdn Bhd secured a contract worth RM150 million from ExxonMobil Exploration and Production Malaysia Inc to provide integrated crane services.
At 9.50am, Handal rose four sen to 45 sen with 212,800 shares traded.
In a filing Monday, Handal said the contract was for a period of five years starting in June 2012 with an option of one year extension.
The company said the contract would contribute positively to its earnings for financial year ending Dec 31, 2012.