Cabnet bags RM22.26mil contract in Kulim, Kedah

KUALA LUMPUR: Cabnet Holdings Bhd said its engineering unit has secured a RM22.26mil electrical work package for a factory in Kulim, Kedah.

The contract was awarded by Kinetics Systems Malaysia Sdn Bhd.

Work of the project was expected start on Oct 27 and was scheduled to be completed by Feb 28, 2022.

"The Contract is expected to contribute positively to the Group’s earnings and net assets per share from financial years ending Dec 31, 2021 to 2022," Cabnet said in a filing today.

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