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Kelington shares actively trade after bagging RM93m contract

 Publish date: Tue, 12 Feb 2019, 12:20 PM

KUALA LUMPUR: Kelington Group Bhd shares were actively traded today after the company secured a RM93 million turnkey construction and engineering services contract in Singapore.
 
At 11.47 am, Kelington shares were flat at RM1.22 with 1.4 million traded.
 
Kelington in a filing to Bursa Malaysia yesterday said its subsidiary, Kelington Engineering (S) Pte Ltd, would design and build an ultra-high purity (UHP) electronics special gases plant in Singapore for one of the world’s largest gas companies.
 
It said the work scope included mechanical and electrical jobs as well as the supply of the UHP process system for the plant.
 
The contract is expected to be completed by end-2019 and would contribute positively to the company’s earnings for the financial year ending Dec 31, 2019.
 
 - Bernama
 
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