Kelington receives RM85mil job for gas system distribution project

KUALA LUMPUR: Kelington Bhd's subsidiary Kelington Engineering (S) Pte Ltd has received a RM85mil contract to undertake speciality gas system distribution works for a world leader in innovative memory solutions’ fabrication facilities in Singapore.

It said in a bourse filing the contract was received from a global leader in engineering and project management of high-technology facilities.

The project commences immediately in December 2021 and is expected to be completed by August 2023.

"The Contract is expected to contribute positively to the earnings and net assets of Kelington for the financial years ending 31 December 2022 and 2023," said Kelington.

At 12.30pm, shares in Kelington were down one sen ot 0.63% to RM1.59 apiece on the back of 1.22 million units traded.
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