Kimlun Corp gets SC's nod for listing

KUALA LUMPUR: Kimlun Corp Bhd, a one-stop engineering and construction services provider, has received the Securities Commission's approval for its listing on the Main Market of Bursa Malaysia, expected in June.

In a statement, it said the exercise will involve a public issue of 64 million new ordinary shares of RM0.50 each and an offer for sale of 11.3 million ordinary shares of RM0.50 each.

Kimlun is principally an investment holding company with three proposed

wholly-owned subsidiaries namely, Kimlun Sdn Bhd (KLSB), SPC Industries Sdn Bhd

(SPC) and I-Buildtech Solutions Pte Ltd (IBT).

The group specialises in infrastructure and building construction, construction management, provision of Industrial Building Systems (IBS) and manufacture of concrete products.

Meanwhile, KLSB which commenced business in Johor Bahru in 1977, has since

2003 expanded its services to carry out building construction and infrastructure projects exceeding RM100 million each and heavy engineering works such as flyovers and interchanges.

SPC has been been involved in manufacturing and supplying concrete products since 2002 while IBT which was incorporated in Singapore in 2008 would capitalise on the growing and building market in the republic. -- Bernama
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