Kelington Group Berhad via its wholly-owned subsidiary, Kelington Engineering (Shanghai) Co. Ltd., has clinched a contract worth approximately RM143 million from China’s largest semiconductor foundry to perform design, procurement, construction, and commissioning works for gas hookup system in Shanghai, China.
The duration of contract is for two years, with works expected to commence in January 2024 and completion expected by January 2026. This is expected to contribute positively to the earnings and net assets of the Group for the financial years ending 31 December 2024 and 31 December 2025 respectively.
With the latest contract the group’s orderbook now stands at RM1.85 billion.
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