KUALA LUMPUR: Kelington Group Bhd has announced that a unit has secured contracts from the largest semiconductor foundry in China worth a total of RM64mil.
The company, in a filing with Bursa Malaysia yesterday, said the contracts were awarded to wholly owned Kelington Engineering (Shanghai) Co Ltd on Feb 12 for base build and hook up works a several locations including in Beijing and Tianjin.
The contracts spanned a period of two years from Jan 6,2020.
“The company does not foresee any exceptional risk other than normal operational risk associated with the contracts, ” it said.
The contracts are expected to contribute positively to the earnings and net assets of Kelington for the financial years ending Dec 31,2020 (FY20) and FY21.
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