Kimlun secures RM64.8m property contract from SP Setia

KUALA LUMPUR: Kimlun Corporation Bhd has secured a contract from of SP Setia Bhd to build two blocks of 25-storey apartments in Bandar Nusajaya, Johor.

Kimlun said on Monday, Sept 27 its unit Kimlun Sdn Bhd had on Sept 24 received the letter of award from Bukit Indah (Johor) Sdn Bhd, a unit of SP Setia.

The scope of works comprises of building construction works for the service apartments and ancillary buildings, which will be due to be completed by September 2012.

“The contract is expected to contribute positively to the earnings and net assets of Kimlun Group for the financial years ending 2010 to 2012,” it said.
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