Moody's outlook on the Korean banking system has been negative since May 2016.
KUALA LUMPUR: Kelington Group Bhd
has secured a RM40mil contract to provide turnkey construction and engineering services to one of the world's major suppliers of speciality emulsion polymers.
It said on Thursday its unit Kelington Technologies Sdn Bhd had bagged the contract to construct a manufacturing plant in Pasir Gudang, Johor.
Kelington said the contract was expected to be completed over 11 months and end by December 2017.
Its CEO Raymond Gan said this was a great start to the year when it secured this contract from a leading player in its industry.
Kelington has expanded from being an engineering specialist in handling ultra-high purity gas and chemicals to a provider of turnkey engineering services covering civil, mechanical and electrical works.
Inclusive of this new contract, the group’s outstanding orderbook across its operations in Singapore, China, Taiwan and Malaysia was about RM260mil.
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