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.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Kelington , Kelington Engineering


Next In Business News

Global shares slide as interest-rate risk rises and geopolitics heat up
US CBP's modification of forced labour finding on SDP is credit positive: Moody’s
Thai baht faces worst day in 23 years as strong dollar pressures Asia FX
Dell to cut about 6,650 jobs, battered by plunging PC sales
Indonesia to suspend some palm oil export permits - officials
Oil prices edge higher as IEA's Birol talks up China demand outlook
Indonesia 2022 GDP growth races to 9-year high on resource boom
Foreign investors' latest targets in China
Asia shares skid, dollar gains as yields spike
CIMB cautious on net interest margin for this year

Others Also Read