Monday, 12 March 2012

Kimlun gets 2 contracts valued at RM151m for JB housing projects

KUALA LUMPUR (March 12): Kimlun Corporation Bhd has secured two contracts worth RM151.61 million for housing projects in Johor Bahru.

It said on Monday it had accepted a RM114.70 million contract from S P Setia Bhd’s unit Bukit Indah (Johor) Sdn Bhd for the CONSTRUCTION [] of service apartments and ancillary buildings.

It also secured a RM36.90 million contract from Keck Seng (Malaysia) Bhd to build 244 houses in Johor Bahru, Johor. The estimated date of completion is September 2013.

“The projects are expected to contribute positively to the earnings and net assets of Kimlun Group for the financial years during the contract period,” it said.

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