Kimlun bags two contracts worth RM225m

PETALING JAYA: Kimlun Corp Bhd via two of its subsidiaries have bagged two contracts, collectively valued at RM224.56 million.
The group’s board of directors told the stock exchange that its subsidiary SPC Industries Sdn Bhd was awarded a S$27million (RM80.46 million) contract from M+W Singapore Pte Ltd to supply and delivery of pre-cast concrete building components.
Meanwhile, another one of its subsidiaries, won a RM144.10 million construction contract from Focus Ace Construction Sdn Bhd to design and build roads and interchange in Johor Baru.
Both contracts are expected to contribute positively to the group’s earnings.
Kimlun’s shares remained unchanged at RM1.50 with 532,400 shares done.