Critical Holdings wins RM35mil design contract


PETALING JAYA: Critical Holdings Bhd has been awarded a contract worth RM34.97mil to undertake the design and build, testing and commissioning of a new cleanroom production floor at a manufacturing plant in Batu Kawan Industrial Zone in Penang.

In a filing with Bursa Malaysia, the company said the contract was secured from a renowned US-based multinational corporation which offers computer memory and computer data storage systems for industrial internet-of-things solutions.

“The contract is expected to contribute positively to the earnings and net assets of the company for the financial year ending June 30, 2026 and June 30, 2027.

“Other than the normal operational risks associated with the contracts, the company does not anticipate any exceptional risks.”

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