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Kimlun bags RM204.4m job to build two apartment blocks in Selangor

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

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