KUALA LUMPUR (April 26): Kelington Group Bhd said the group has accepted a letter of intent for an onsite industrial gases supply scheme with an expected revenue of RM180 million over a 10-year period. Kelington did not name the client but said it is “one of the largest optoelectronics semiconductor companies in the world”. A definitive agreement for the supply scheme will be executed in due course, the industrial engineering group said in a filing with Bursa Malaysia. Kelington said the supply scheme is expected to contribute positively towards its earnings and net assets over the 10-year duration, starting from 2023. Kelington shares closed two sen or 1.6% higher at RM1.27 on Tuesday (April 26), valuing the group at RM819.5 million.

Source: The Edge Markets April 26, 2022 18:06 UTC