Gamuda (KLSE:GAMUDA) unit Gamuda (Singapore), together with partners Evia MCS, and H108, submitted the highest bid of SG$1.01 billion for a Housing and Development Board (HDB) site in Singapore, according to a Thursday Malaysian bourse filing.
Shares gained over 1% in Friday's late morning trade.
Gamuda said it will issue a further updates once the letter of acceptance is received.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.