OTHERS KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY") - AWARD OF CONTRACT WORTH APPROXIMATELY RMB94 MILLION (APPROXIMATELY RM62 MILLION)

Company Name KELINGTON GROUP BERHAD
Stock Name KGB
Date Announced 20 Jun 2022
Category General Announcement for PLC
Reference Number GA1-20062022-00031

Type Announcement
Subject OTHERS
Description
KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY")
- AWARD OF CONTRACT WORTH APPROXIMATELY RMB94 MILLION (APPROXIMATELY RM62 MILLION)
The Board of Directors of the Company is pleased to announce that Kelington Engineering (Shanghai) Co., Ltd., a wholly-owned subsidiary of Kelington had on 17 June 2022, received an award of contract from China’s largest semiconductor foundry to perform gas hook up works in Shanghai, China (“Contract”).

The Contract value is worth approximately RMB94 million (approximately RM62 million), subject to the actual amount of work carried out. The gas hook up works will commence in June 2022 and will be completed by March 2023.

The Contract is expected to contribute positively to the earnings and net assets of Kelington for the financial years ending 31 December 2022 and 31 December 2023 respectively.

None of the Directors and/or major shareholders of the Company and/or persons connected to them have any direct/indirect interest in the said Contract. 

Other than the normal operational risk associated with the Contract, the Company does not anticipate any exceptional risk.

This announcement is dated 20 June 2022.





Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment