Kimlun shares up 8 sen after clinching contracts worth RM225m

PETALING JAYA: Kimlun Corp Bhd’s share price rose 5.33% this morning after its two subsidiaries clinched two contracts worth a total of RM224.56 million.
At 11.12am, the stock was 5.33% or 8 sen higher at RM1.58 with 73,300 shares traded. The stock closed unchanged yesterday at RM1.50 with 532,400 shares done.
Kimlun’s subsidiary SPC Industries Sdn Bhd was awarded a S$27 million (RM80.46 million) contract from M+W Singapore Pte Ltd to supply and deliver pre-cast concrete building components.
Meanwhile, another subsidiary won a construction contract worth RM144.10 million from Focus Ace Construction Sdn Bhd, to design and build roads and interchange in Johor Bahru.