Tai Tung Communication Wins NT$460 Million MRT Project in Malaysia

MT Newswires Live

01/30

Tai Tung Communication (TPE:8011) received a formal notice of award for the Design-Build Project of the MRT Xizhi-Donghu Line: Depot Equipment, worth NT$459.9 million, according to a Thursday Taiwan Exchange filing.

Shares of the fiber optic cables manufacturer slid over 1% in Friday's midday trade.

The contract was awarded by Malaysian engineering firm Gamuda (KLSE:GAMUDA) following a tender process.

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