Kelington secures RM61.8mil contract in China


  • Corporate News
  • Friday, 14 Aug 2020

KUALA LUMPUR (Bernama) -- Kelington Group Bhd’s wholly-owned unit, Kelington Engineering (Shanghai) Co Ltd, has received a remeasurement contract from the largest semiconductor foundry company in China to perform gas hook up works in Shanghai.

In a filing with Bursa Malaysia today, Kelington said the total contract value is worth approximately RM61.8 million subject to the actual amount of work carried out.

"The period of the contract is two years, commencing Aug 5, 2020. The contract is expected to contribute positively to the earnings and net assets of Kelington for the financial years ending Dec 31, 2020, 2021, and 2022,” it said.

It added that the company does not foresee any exceptional risk other than normal operational risk associated with the contract.

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