NOW SHOWING : THE TRILOGY OF FAST & FURIOUS SHOWS
PART 13 (UPDATED 10 ) ---
Cardi B , Vin Diesel , Paul Walker or the strong man Mark Felix
Author: SEE_Research | Publish date: 15 September 2021
THE TRILOGY OF FAST & FURIOUS SHOWS PART 13 (UPDATED 10 ) ---
Cardi B
Vin Diesel , Paul Walker or the strong man--- Mark Felix
Author: SEE_Research | Publish date: 14 September 2021
THE TRILOGY OF FAST & FURIOUS SHOWS
PART 13 (UPDATED 10 )
--- Cardi B , Vin Diesel , Paul Walker or the
strong man Mark Felix
Which Fast & Furious Character Are YOU ?
The Good , The Bad , The Ugly
Which Fast & Furious Character Are YOU ?
Cardi B ,Vin Diesel , Paul Walker
or the
strong man Mark Felix
" 2 " -
TOP PICKS POSITIVE MOMENTUM STOCKS IN SEPTEMBER 2021
KLSE KGB + KGB WB + OCB /5533
Latest Official Announcement in
KLSE
KELINGTON GROUP BERHAD
("KELINGTON" OR "THE COMPANY") -
AWARD OF CONTRACT WORTH ABOUT
RM420 MILLION
KELINGTON GROUP BERHAD |
Type | Announcement |
Subject | OTHERS |
Description |
KELINGTON GROUP BERHAD ("KELINGTON" OR "THE COMPANY") - AWARD
OF CONTRACT WORTH ABOUT RM420 MILLION
|
The Board of Directors of the Company is pleased to announce that Kelington Technologies Sdn Bhd (“KTSB”), a wholly-owned subsidiary of Kelington had on
14 September 2021 received an award of contract from a manufacturing company at
Sama Jaya Free Industrial Zone in Kuching to undertake the construction work with respect to their
Sarawak Expansion Project (“the Contract”).
The manufacturing company is owned by a
US multinational company,
a world leading
developer, manufacturer, and provider of data
storage devices and solutions.
The Contract value is worth about RM420 million subject to the actual amount of works carried out, depending on variation orders, scope options and value engineering. The works shall commence in mid-September 2021 and expected to be completed by 31 December 2022.
The Contract is expected to contribute positively to the earnings and net assets of Kelington for the financial years 31 December 2022 and 31 December 2023.
None of the Directors and/or major shareholders of the Company and/or persons connected to them have any interests, direct or indirect in the Contract.
The Company does not foresee any exceptional risk other than normal operational risk associated with the Contract.
This announcement is dated 14 September 2021. |
Announcement Info
Company Name | KELINGTON GROUP BERHAD |
Stock Name | KGB |
Date Announced | 14 Sep 2021 |
Category | General Announcement for PLC |
Reference Number |
GA1-14092021-00053
|
Western Digital to build
RM1bil plant in Sarawak under
RM2.3bil Malaysian expansion
KUALA LUMPUR: American hard disk drive manufacturer
Western Digital has set aside RM1 billion
of its RM2.3 billion additional investment in
Malaysia to build a new plant in Sarawak.
The balance of RM1.3 billion would be used to upgrade its existing facilities particularly in Penang, Western Digital (Malaysia) Sdn Bhd chairman Datuk Syed Hussian Aljunid said.
The RM2.3 billion will take Western Digital's total investment in Malaysia to almost
RM18 billion since establishing its operations here in 1973.
The Prime Minister's Office (PMO) had earlier announced that the new investment was agreed upon during a meeting between Prime Minister Tan Sri Muhyiddin Yassin and Syed Hussian on Thursday.
The new investment by Western Digital reflected the government's ability in managing the economy and bringing back investors' confidence despite the Covid-19 pandemic, PMO said in its statement yesterday.
Muhiyiddin welcomed any company wanting to invest in a high-impact and technology-based industry here, it added.
"The government through the Ministry of International Trade and Industry, Malaysian Investment Development Authority and other related agencies are always committed to attracting investment and convincing investors to invest or make additional investments in Malaysia.
"Western Digital's additional investment reflects high confidence of foreign investors towards the government in helping investors to expand their investment and operations in the country," PMO said.
Meanwhile, Syed Hussian said the company's decision to channel new investments was driven by the favourable operating conditions and support from the Prime Minister and government ministries.
"Western Digital Malaysia wants to express our profound gratitude to the Prime Minister and the government for their continued support of the local manufacturing industry especially during the Covid-19 pandemic.
"The unrelenting efforts to balance public health and the needs of manufacturers is a testament to the Prime Minister's unwavering commitment to the well-being of Malaysian citizens and its economy," Syed Hussian said at a press conference here yesterday.
He said the RM2.3 billion would be used to expand the company's facilities in Penang and Sarawak.
"Of the total, RM1 billion will be utilised to build a new factory in Kuching, Sarawak, which will add 30 per cent to our hard disk drive production capacity, and RM1.3 billion is for new equipment facilities," Syed Hussian added.
Western Digital currently has facilities in Penang, Selangor, Johor and Sarawak.
Syed Hussian said the new investment was expected to provide additional employment opportunities for 2,000 people.
He also said Western Digital's salary cost in Malaysia would increase by RM80 million annually.
"The company currently employs over 9,000 people in Malaysia whose contributions are critical to the global supply chain of storage devices, data centre systems and cloud storage devices," he added.