Kimlun Corp bags RM92.5m job to build apartments in Johor

KUALA LUMPUR (Feb 24): Kimlun Corp Bhd’s wholly-owned unit has bagged a RM92.49 million apartment construction job in Johor.

In a bourse filing, the group said Kimlun Sdn Bhd was awarded the contract by Bukit Indah (Johor) Sdn Bhd, and that the job involves the building of two blocks of apartments with ancillary facilities.

Construction is expected to be completed in the third quarter of 2022.

“The project is expected to contribute positively to the earnings and net assets of Kimlun Group for the financial years during the contract period,” it said.

Kimlun shares closed 0.92% or one sen lower at RM1.08, giving it a market capitalisation of RM366.99 million. The stock has retreated about 14% in the past 12 months.