KKB Engineering has secured a purchase order from Seri Ghanimi Contractor Sdn. Bhd. for the Supply/Export of MSCL Pipes for project use in Brunei.
Its subsidiary, OceanMight Sdn. Bhd. has received a Service Order from Malaysia Marine and Heavy Engineering for EPCIC Alliance for Kasawari Carbon Capture & Storage.
The combined total contract sum for the abovementioned Orders is worth approximately RM27 million it said in a filing.
The duration for the Purchase Order is to be delivered by March 2024 which is the completion date as the MMHE Project is in July 2025.
KKB said the abovementioned orders will have no effect on the Share Capital and is expected to contribute positively towards the earnings and net assets of the Company and Group for the duration of said orders.
