UNIQ Jumps 8% after Signing a ฿10Bn Contract for Thai-Sino High-Speed Train
UNIQ rose ฿0.60/share or 8.45% to ฿7.70/share as of 11:12 local time in Thailand, with a trading value of 25 million baht.
The share price of Unique Engineering and Construction Public Company Limited (UNIQ) rose ฿0.60/share or 8.45% to ฿7.70/share as of 11:12 local time in Thailand, with a trading value of 25 million baht.
The increment in share price was expected due to the announcement of the contract signing for the Cooperation between the Government of the Kingdom of Thailand and the Government of the People’s Republic of China on Bangkok – Nong Khai HSR Development for Regional Connectivity (Section I : Bangkok – Nakhon Ratchasima) Contract 4-2 : Civil Works (Don Mueang – Nava Nakorn Section) with the State Railway of Thailand. The contract value is 10.570 billion baht (including VAT).
The construction includes Railway Track totaling 21.80 Km., station building and building supporting the electrical systems, drainage system work, demolition work of various utilities and other work required for the project.