Bloomberg News

Demco Shares Rise to Two-Week High After Winning New Contract

October 27, 2011

Oct. 27 (Bloomberg) -- Demco Pcl, a Thai builder of electricity and telecommunication networks, rose to a two-week high in Bangkok trading after saying it received an order valued at 780 million baht ($25.3 million) to construct a solar power plant.

The shares climbed 2.5 percent to 3.28 baht as of 11:01 a.m. local time, set for the highest close since Oct. 13.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Daniel Ten Kate at dtenkate@bloomberg.net


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