Corporate results: CB Industrial, KKB Engineering, Alam Maritim and Keat Radio
CB Industrial unit gets RM71m contract in PNG
CB Industrial Product Holding Bhd’s wholly-owned subsidiary, PalmitEco Engineering Sdn Bhd, has received a contract from New Britain Palm Oil Ltd worth RM71.17 million to build a 10 tonne per hour (TPH) continuous sterilisation mini mill and a 40/60 TPH continuous sterilisation palm oil mill at Markham Valley in Papua New Guinea (PNG). The 10 TPH sterilisation mini mill is targeted to be completed by November 2019 or within seven months from the date of site possession and works on the 40/60 TPH continuous sterilisation palm oil mill is targeted to be completed by February 2021 or within 20 months from the date of site possession whichever is later, CB Industrial noted in its exchange filing yesterday.
 
KKB Engineering secures RM17m contracts
KKB Engineering Bhd has secured two contracts with a combined contract sum of RM17.75 million. KKB Industries (Sabah) Sdn Bhd, a subsidiary of the group, has received a purchase order from Leadshine Sdn Bhd for the supply and delivery of concrete-lined mild steel pipes for a duration of 10 months. KKB has also been awarded a contract to supply steel products to Syarikat SESCO Bhd for a period of one year, the former’s exchange filing yesterday noted. 
 
Alam Maritim gets contract from FPSO Ventures
Alam Maritim Resources Bhd’s wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, has been awarded a service order by FPSO Ventures Sdn Bhd to provide manpower, equipment, remotely operated vehicles and diving support vessel for underwater inspection in lieu of drydocking operations for FSO Puteri Dulang. The contract is worth RM2.3 million, Alam Maritim stated in an exchange filing yesterday..
 
Keat Radio acquires Angkasa Pensonic 
Pensonic Holdings Bhd’s wholly-owned subsidiary, Keat Radio Co Sdn Bhd, has acquired Angkasa Pensonic Trading Sdn Bhd from Datuk Seri Chew Weng Khak @ Chew Weng Kiak and Chew Chuon Jin for RM2. The acquisition, a related party transaction, is in line with internal planning to acquire a dormant company to serve as a vehicle for Pensonic’s participation in a joint venture with Angkatan Koperasi Kebangsaan Bhd and two other parties for the purpose of marketing and distribution of electrical household appliances and related products to Angkasa members.