Business

Ancom shares rise after winning Jakarta MRT advertising concession


PETALING JAYA: Ancom Bhd’s share price rose 1.4% this morning, after its consortium partner PT Avabanindo Perkasa (PTAP) was selected as the advertising service concession holder for the Jakarta Mass Rapid Transit (MRT) project.

At 10.52am, the stock stood at 72.5 sen with 948,800 shares changing hands. Ancom’s market capitalisation stood at RM153.8 million.

Ancom told the stock exchange the consortium submitted a tender for the project on June 20 through PTAP.

The MRT Jakarta Phase 1 will commence its commercial operation in March 2019.



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