KUALA LUMPUR (June 4): Kimlun Corp Bhd (KL:KIMLUN) has secured a contract worth RM234.27 million in Shah Alam, Selangor.

In a bourse filing on Tuesday, the company said its unit Kimlun Sdn Bhd had accepted the award of a construction contract from Saujana Development Sdn Bhd for a high-rise residential development in Seksyen U2, Shah Alam, Selangor.

It said the construction work is expected to be completed in the third quarter of 2026.

Kimlun said the project is expected to contribute positively to its earnings for the financial years during the contract period.

At the midday break, Kimlun fell 2.99% or four sen to RM1.30 with 148,500 shares traded, giving it a market capitalisation of RM459 million.