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KKB gains 2.1% on jobs from Talisman, SESCO and SEB
by Cals Mon 14 Sep 2015, 15:33
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[size=28]KKB gains 2.1% on jobs from Talisman, SESCO and SEB
By Surin Murugiah / theedgemarkets.com | September 14, 2015 : 9:38 AM MYKUALA LUMPUR (Sept 14): Shares of KKB Engineering Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.95) rose this morning after its associate Ocean Might Sdn Bhd (OMSB) bagged contracts worth RM171.1 million from Talisman Malaysia Ltd,Syarikat SESCO Bhd (SESCO) and Sarawak Energy Bhd.
At 9.81am, KKB gained 2.10% or 3 sen to RM1.46 with 64,500 shares traded.
In a filing to Bursa Malaysia today, KKB said OMSB has received a letter of award from Talisman for the engineering, procurement and construction of Wellhead Platform for Kinabalu redevelopment project.
It also received a notification of tender award from SESCO for the annual supply and delivery of steel products, as well as a letter of award from Sarawak Energy for the supply, delivery, erection and commissioning of one unit of 1,000 tonne fuel storage tank inclusive of pipings and fittings for the Lawas Power Station.
The completion date for Talisman’s contract is the second quarter of 2017. SESCO’s contract is scheduled to be completed in the third quarter of 2016, while Sarawak Energy’s is scheduled to be completed in the first quarter of 2016, it said.
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