Kelington secures contract worth RM49m for bulk gas distribution works

by TMR / pic by TMR FILE

KELINGTON Engineering (S) Pte Ltd, a wholly-owned subsidiary of Kelington Group Bhd contract from the Customer – a leader in engineering and project management of high-technology facilities, to undertake the bulk gas system distribution works for a global leading semiconductor manufacturer’s new fab in Singapore.

In a filing to Bursa Malaysia the company said the contract value is worth approximately RM49 million commencing immediately from September 2021 and expected to be completed by May 2023.

The Contract is expected to contribute positively to the earnings and net assets of Kelington for the financial years ending 31 December 2021 and 31 December 2022.

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.