The Board of Directors (“the Board”) of KKB Engineering Berhad (“KKB”) is pleased to announce that Harum Bidang Sdn Bhd, a subsidiary of KKB has received Purchase Orders from CMS Infra Trading Sdn Bhd (“CMSIT”) for the Supply and Delivery of Concrete-Lined Mild Steel Pipes.

The Company has also received Purchase Order from Kimlun Sdn Bhd (“KIMLUN”) for the Supply of Mild Steel Casing.

The combined total contract sum for the abovementioned orders is worth approximately RM23.9 million (Ringgit Malaysia: Twenty Three Million Nine Hundred Thousand Only).

The completion date for KIMLUN is within the fourth quarter of 2017 (4Q2017) and CMSIT is scheduled to be within the first quarter of 2018 (1Q2018).                                          

To the best of our knowledge, none of the Directors or major shareholders or person connected with them has any interest, direct or indirect in the abovementioned two (2) awards. The Board is of the opinion that the abovementioned awards are in the best interest of KKB and its Group.

The above awards are expected to contribute positively to the earnings and net assets of the KKB Group for the financial years ending 31 December 2017 to 31 December 2018.

This Announcement is dated 23 October 2017.