KUALA LUMPUR (May 12): Kelington Group Bhd's wholly-owned unit, Kelington Engineering (Shanghai) Co Ltd, has bagged a contract to perform gas hook up works in Beijing, China. In a filing with Bursa Malaysia, Kelington said the 123 million yuan contract (worth approximately RM80 million), was awarded by China's largest semiconductor foundry. The engineering solutions provider, however, did not specify the client. Kelington's share price fell six sen to close at RM1.09 on Thursday (May 12). This gives the company a market capitalisation of RM703.32 million.

Source: The Edge Markets May 12, 2022 22:58 UTC