Kimlun proposes RM40m private placement to boost working capital
The majority of these proceeds, RM30 million, has been earmarked for property development expenditure in Johor.
Astaka and Kimlun break ground on RM800m Arden tower in Johor-Singapore SEZ
Arden is the first component of Phase 3, which will also include a shopping mall and a five-star hotel, of the One Bukit Senyum development, the flagship project of Astaka, and is located within the Johor-Singapore Special Economic Zone.
Kimlun bags RM128m job to build residential development in JB
This latest contract win follows a RM234.
Kimlun forms JVco with Singapore’s Astaka to build serviced apartments in JB
In a joint statement on Friday, the companies said that the project is related to phase three of Arden @ One Bukit Senyum, which is slated to launch in the fourth quarter of 2024, with construction expected to be completed within 48 months.
HLIB sees promising prospects for Kimlun’s FY24-25 earnings
In a technical tracker on Friday, the research house said that during the construction and property booms, Kimlun’s orderbook typically ranges between RM1.
Kimlun bags RM150 mil contract for residential construction project in Johor
Kimlun said its wholly-owned subsidiary Kimlun Sdn Bhd received the award as the main contractor for the Aliva Mount Austin residential project from Astaka Development Sdn Bhd, a subsidiary of Singapore-listed Astaka Holdings Limited.
Kimlun bags RM134m contract from Sunway unit to build houses in JB
The project, which is expected to be completed in the third quarter of 2026, is expected to contribute positively to Kimlun Group’s earnings and net assets for the financial years during the contract period.
Kimlun, KKB Engineering seen as key beneficiaries of Kuching Autonomous Rapid Transit project — RHB IB
Sarawak’s commitment to infrastructure growth is evident through the progress of the KUTS project, backed by RM 900 million in funding for 2024, amid a record-high RM9 billion development expenditure.
Kimlun secures two construction contracts worth RM140.22m in Johor
The group will also undertake the construction of 148 linked houses and accompanying ancillary structures, with an anticipated completion date of April 1, 2025.
