Quick take: Kelington rises 9.7% on RM420mil contract win


KUALA LUMPUR: Shares in Kelington Group Bhd rose almost 10% in early trade Wednesday after securing a construction contract worth RM420mil in Sarawak.

The engineering services company rose 9.72%, or 14 sen to RM1.58 at 9.14am. Year-to-date, the counter has risen 88.7%. Kelington-WB jumped 29.21%, or 13 sen to 57.5 sen.

Kelington’s wholly-owned subsidiary, Kelington Technologies Sdn Bhd (KTSB) has bagged a construction contract worth RM420mil from a manufacturing company in Kuching, Sarawak.

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