KUALA LUMPUR (Jan 9): Kelington Group Bhd has bagged a contract worth about RM143 million from China's largest semiconductor foundry to build a gas hookup system in Shanghai, China.

The job, which entails the design, procurement, construction and commissioning of the entire system, was awarded to Kelington's wholly owned Kelington Engineering (Shanghai) Co, according to a bourse filing by Kelington.

The actual contract value will be subject to the amount of work carried out, depending on variation orders, scope options and value engineering, Kelington said.

The job started this month and is expected to be completed in two years, by January 2026.

Kelington’s share price slipped a sen or 0.43% to close at RM2.34, bringing the group a market capitalisation of RM1.51 billion.