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AusGroup (S$0.480) Gorgon contract extended

kiasutrader
Publish date: Fri, 10 May 2013, 11:45 AM

AusGroup has been awarded a contract extension worth approximately A$13.6mil (S$17mil) from Chevron for further fabrication work on the Gorgon Project. It will take the value of the total contract to more than A$80mil. AusGroup's revealed plans to buy Kebun Sedenak Sdn Bhd and Tropik Sentosa Sdn Bhd for $210mil, payable via the issue of new AusGroup shares.

Source: The Business Times / Bloomberg / Straits Times
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