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Thursday, August 22, 2013

Kimlun wins RM300mil JB job


PETALING JAYA: Precast concrete manufacturer Kimlun Corp Bhd said its unit, Kimlun Sdn Bhd, has secured a contract to build two towers of serviced apartments and ancillary buildings in Johor Baru.

The job, awarded by Wealthy Growth Sdn Bhd, a subsidiary of IOI Properties Bhd, was worth RM296.4mil, with work expected to be completed by May 2016.

The project is expected to contribute positively to the earnings and net assets of Kimlun for the financial years during the contract period.

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