KKB Engineering Receives Contracts Worth RM351.7 Million For East Malaysia Work

KKB Engineering Berhad announced that its subsidiary, OceanMight Sdn Bhd has received a Letter of Award with Limited Notice to Proceed from Sarawak Shell Berhad for provision of Engineering, Procurement, and Construction (EPC) of Standard Wellhead Platforms for MLNG FaS Gas Field Development

That its subsidiary company, KKB Industries (Sabah) Sdn Bhd, has also received a Purchase Order from Seri Ghanimi Contractor Sdn Bhd for the Supply of Mild Steel Concrete Lined Pipes.

The estimated combined total contract sum for the abovementioned Contract/Order is worth approximately RM351.7 million.

The SSB Contract is effective from December 2022 until the completion of work whereas the completion date for SGC is scheduled to be nine months.

The Contract/Order will have no effect on Share Capital of the Company and Group and is expected to contribute positively towards the earnings and net assets of the Company and Group for the duration of the Contract/Order.

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