KKB secures RM111.6mil contract from Samsung Engineering

KUALA LUMPUR: KKB Engineering Bhd's subsidiary OceanMight Sdn Bhd has secured a RM111.6mil contract from Samsung Engineering (M) Sdn Bhd for the module fabrication and supply of steel structures for Malaysia Shell R&M onshore gas plant project in Bintulu.

In a filing with Bursa Malaysia, KKB said the project is scheduled to be completed within the third quarter of 2024.

"The abovementioned Contract will have no effect on share capital of the Company and is expected to contribute positively towards the earnings and net assets of the Company and Group for the duration of Contract," it said.