Macmahon Holdings Stock Suspended From Quotation
April 06 2009 - 10:24PM
Dow Jones News
MacMahon Holdings Ltd. (MAH.AU) Tuesday requested its stock be
suspended from quotation immediately, pending an announcement.
The Perth-based engineering company and contract miner halted
trading in its shares Friday pending a notice about a "large
construction contract."
A weekend report in The West Australian newspaper said Macmahon
and Leighton Holdings Ltd. (LEI.AU), which holds a 17% stake in
Macmahon, are close to announcing a A$500 million contract for rail
work on BHP Billiton's (BHP) RGP5 iron ore expansion in Western
Australia state's Pilbara region.
Leighton has declined to comment about the talks with BHP,
saying only that they were continuing.
Macmahon last traded Friday at 51.5 cents.
-By Andrew Harrison, Dow Jones Newswires; 61-3-9671-4323;
andrew.harrison@dowjones.com
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