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Kimlun rises on new RM51m contract

KUALA LUMPUR: Kimlun Corporation Bhd shares advanced on Tuesday, Sept 20 after it secured a RM51 million contract from Nusajaya Lifestyle Sdn Bhd to build a retail mall and ancillary buildings in Medini Iskandar, Johor Bahru.

At 9.25am, Kimlun added three sen to RM1.20 with 80,000 shares traded.

Kimlun said on Sept 19 that the scope of works comprises of building construction and ancillary works for the Mall which will be due to be completed by July 2012.

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