Kimlun unit bags RM214.7m contract
17 Sep 2017 / 16:15 H.
PETALING JAYA: Engineering and construction firm Kimlun Corp Bhd has bagged a contract worth RM214.7 million from Hillcrest Gardens Sdn Bhd for the construction of two blocks of condominiums and ancillary buildings at Mukim Petaling, Selangor.
Kimlun told the stock exchange last Friday, the contract was awarded to its wholly-owned subsidiary Kimlun Sdn Bhd.
The group said the construction work is expected to be completed by June 2020.
Kimlun said it expects the project to contribute positively to the group's earnings and net assets for the financial years during the contract period.
Kimlun closed unchanged at RM2.16 last Friday with a total of 4,700 shares traded. Its market capitalisation stood at RM690.4 million.