KUALA LUMPUR (April 29): Kimlun Corp Bhd has bagged a RM204.4 million contract to build two blocks of apartments in Selangor

In a Bursa Malaysia filing today, Kimlun said its wholly-owned Kimlun Sdn Bhd secured the job from Rexpoint Resources Sdn Bhd. The construction work is expected to be completed by end-January 2022.

Kimlun expects the project to contribute positively to its earnings and net assets for the financial years during the contract period.

Kimlun shares slipped 1 sen or 0.71% to close at RM1.40 today, valuing the group at RM464.62 million. It saw some 209,500 shares done. Year to date, the stock has climbed near 30% from when it was trading at RM1.08.

— theedgemarkets.com

Click here for more property stories.

  1. Kimlun lands RM238m apartment job in Selangor
  2. Kumpulan Kitacon bags RM80 mil construction contract in Hulu Langat
  3. Shah Alam Sports Complex: Selangor identifies 10 sites for land swap process