KNM active, up 5.26% after unit gets EPCC job in Myanmar

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KUALA LUMPUR (March 4): KNM Group Bhd rose 5.26% in active trade this morning after its unit has secured an engineering, procurement and construction contract worth US$24.87 million (approximately RM101.35 million) for a liquefied petroleum gas (LPG) facility in Myanmar.

At 9.21am, KNM rose 0.5 sen to 10 sen with 5.41 million shares done.

The group said its wholly-owned unit KNM Process Systems Sdn Bhd received the complete executed lump sum turnkey contract with CECA Gold Company Ltd.

The contract is for the engineering, procurement and construction of a liquefied petroleum gas receiving, tanking, storage and bottling facility in Kyaut Tan Township Thilawa, Myanmar.