KUALA LUMPUR (July 15): Ekovest Bhd (KL:EKOVEST) clarified that it had officially concluded its contractual role as the project delivery partner (PDP) for the River of Life project in January 2015, according to a filing with Bursa Malaysia on Monday.

"Ekovest fully discharged all of its duties as the PDP to the government for the River of Life project on Jan 3, 2015," it said.

In the filing, the company said its role was to mainly provide horizontal coordination with up to 42 agencies, while the respective agencies under multiple ministries spearheaded the project.

Under the PDP contract, Ekovest was authorised by the government solely to tender for/participate in beautification works under the project (via Swiss Challenge).

Ekovest was responding to the Edge Malaysia's article titled “Ekovest may be dropped as River of Life PDP” for the week of July 15 to 21, 2024.

Ekovest shares were two sen or 4% higher at 52.5 sen each at the time of writing on Monday, valuing the company at RM1.56 billion, with 110.5 million shares changing hands.