KUALA LUMPUR (Aug 4): Kelington Group Bhd secured a RM117 million contract to undertake bulk and specialty gas system distribution works for a memory solutions’ fabrication facilities in Singapore.

In a filing with Bursa Malaysia, Kelington said its wholly-owned subsidiary Kelington Engineering (Singapore) Pte Ltd received the award of contract from a “customer in Singapore who is the leader in the design, engineering, and delivery of major complex projects and facilities for high-tech industries”.

Kelington, an engineering and industrial gases services provider, said the works commence this month and are expected to be completed by June 2024.

The stock, which fell 24% year-to-date, closed six sen or 4.9% higher at RM1.29 per share on Thursday (Aug 4), giving it a market capitalisation of RM832.37 million.