Kelington's Kuching contracts hit RM416mil
KUALA LUMPUR: Kelington Group Bhd's unit Kelington Technologies Sdn Bhd (KTSB) has secured a further RM133 million contract from a manufacturing company at the Sama Jaya Free Industrial Zone in Kuching, Sarawak.
KUALA LUMPUR: Kelington Group Bhd's subsidiary, Kelington Technologies Sdn Bhd (KTSB), has been awarded an additional RM133 million contract by a manufacturing company based in Kuching, Sarawak. According to a recent Bursa Malaysia filing, the contract, secured on October 2, involves significant structural steelwork for an advanced data storage manufacturing facility.
This latest contract follows a previous RM172 million award received by KTSB on September 29 for engineering and early-stage infrastructure development of the same project. The total value of contracts and purchase orders secured by KTSB from the customer for this project has now reached RM416 million, up from RM283 million as of September 29.
The new contract is anticipated to begin immediately and be finalized by April 2028. Kelington believes that the award will positively impact the company's earnings and net assets for the financial years ending December 31, 2026, and beyond. KTSB anticipates securing more contracts from the customer for various aspects of the project in Kuching. The company will announce any significant developments related to these new awards as necessary.
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