AGESON Bhd emerged as the most active counter this morning after its wholly-owned subsidiary, Esa Pile Sdn Bhd, secured a RMB44.8 bil (approximately RM27.5 bil) purchase order from China.
As of 10.51am, Ageson rose two sen to 18 sen, with 142.62 million shares traded.
On Monday, Esa Pile accepted a purchase order from Guangzhou Kaishengda Industrial Co Ltd (GKI) for river sand and sea sand for a period of 15 years.
Ageson said Esa Pile is expected to supply 50 million cubic metres of river sand per year and 100 million cubic metre of sea sand per year to GKI starting from the third quarter this year.
The group added that the contract is expected to further strengthen its international export market and its trading business for sustainable earnings in a long period of time while creating synergistic business opportunities with GKI. — May 5, 2020, Bernama
