KUALA LUMPUR (Jan 21): Kelington Group Bhd has bagged a RM35 million contract from a leading global semiconductor chip manufacturer to provide infrastructure works for a facility in Penang. Kelington said the contract commenced on Jan 15 and is expected to be completed by the end of September. Kelington is an integrated engineering solutions provider specializing in ultra-high purity (UHP) gas and chemical delivery systems, mechanical process engineering, mechanical systems and electrical systems. Its chief executive officer Raymond Gan said in a statement that the group had got off to a strong start in 2020. Shares of Kelington closed unchanged at RM1.34 today, giving the group a market capitalisation of RM417.36 million.

Source: The Edge Markets January 21, 2020 11:26 UTC