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Kimlun bags RM64m contract

KUALA LUMPUR: Kimlun Corp Bhd’s wholly owned subsidiary Kimlun Sdn Bhd has secured a contract from Keck Seng Bhd worth RM64.3 million for the construction of 268 houses in Daerah Kulaijaya, Johor.

In a filing with Bursa Malaysia yesterday, Kimlun said the construction work is expected to be completed by July 2014.

The group does not foresee any exceptional risk other than operational risks involved with the construction project.

It added that the project is expected to contribute to the earnings and net assets of the Kimlun group for the financial years during the contract period.

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