The contract is expected to contribute positively to the earnings and net assets of the company for FY23 and FY24
by NURUL SUHAIDI / Pic source kelington-group.com
KELINGTON Technologies Sdn Bhd has been awarded a contract from a semiconductor solutions company to undertake the bulk and specialty gas system distribution works in Kulim.
The project shall be for a period of two years starting from September 2022 and is expected to be completed by September 2024.
Upon completion, the contract is expected to contribute positively to the earnings and net assets of Kelington for the financial years ended Dec 31, 2023 (FY23), and FY24.
The contract has a value of approximately RM330 million.
None of the directors or major shareholders of the company or persons connected with them have any interest, direct or indirectly in the contract.
Other than the average operational risk associated with the contract, the company does not anticipate any exceptional risk.