KAB executive deputy chairman and group managing director Datuk Lai Keng Onn -LOW BOON TAT/THE STAR
KUALA LUMPUR: Kinergy Advancement Bhd
(KAB) has secured an engineering contract worth RM29.5mil from Mah Sing Group Bhd.
KAB said the latest contract marked the 14th contract won by KAB, following the M Nova project announced on Dec 5, 2023. In March 2024, Pembinaan Bintang Baru Sdn Bhd (Bintang Baru) also firmly appointed KAB as their sub-contractor for electrical works.
"This marks our 14th project for property giant Mah Sing and 13th for Bintang Baru. Our expertise and reputation in the engineering field remain strong with returning and regular reputable clients,” executive deputy chairman cum group managing director Datuk Lai Keng Onn said in a statement.
“Despite the implementation of a prudent approach to tendering engineering contracts and the proud announcement of the strategic shift into the energy sector, I am privileged to witness the continued trust our clients place in KAB.
“Their trust in our competence and capabilities to drive the success and excellence of their esteemed projects keeps us optimistic. We believe that the engineering sector will continue to sustain itself and play a pivotal role as one of the enablers to the group's growth,” he added.
The group's engineering segment boasts an order book balance of approximately RM166mil and pending tenders worth RM153.8mil.
