Source: The Edge
KKB Engineering Bhd has won three contracts worth a combined RM16.8 million for projects in Sarawak.
In a filing with Bursa Malaysia today, KKB Engineering said it had on Nov 28 received a Letter of Award from Hock Peng Realty Sdn Bhd (HPRSB) for the supply, fabrication, delivery and installation of steel structures, as well as for the installation of roof covering, and wall cladding and accessories for the proposed Balingian Coal Stockyard in Mukah.
KKB has also received a Purchase Order from LP Capital Construction Sdn Bhd (LPCC) for the supply of mild steel pipes and fittings for the Projek Bekalan Air Luar Bandar (BALB) in Serian, and another Purchase Order from MKM Wira (M) Sdn Bhd (MKM) for the supply of the mild steel concrete lined (MSCL) pipes and fittings.
The completion date for HPRSB is scheduled for within the third quarter of 2018 (3Q18), while the LPCC and MKM has been scheduled for within the first half of 2018 (1H18), KKB said.
“The Board is of the opinion that the abovementioned awards are in the best interest of KKB and its group. The above awards are expected to contribute positively to the earnings and net assets of the KKB Group for the financial year ending Dec 31, 2018,” the filing said.
At noon break, KKB settled 3% or three sen lower at 97 sen, for a market value of RM251.35 million.