Thursday 28 Mar 2024
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KUALA LUMPUR (Aug 5):  KNM Group Bhd shares rose 1.27% this morning after it secured a US$4.17 million (RM17.32 million) contract in Indonesia for the supply of shop-assembled static equipment inclusive of large columns.

At 9.07am, KNM added 0.5 sen to 40 sen for a market capitalisation of RM1.04 billion.

The group signed a contract agreement with Jo SK E & Co Ltd, HEC Ltd, PT Rekind and PT PP (Persero) Tbk for the order meant for the RDMP RU-V Balikpapan project located at East Kalimantan.

KNM said the RDMP RU-V Balikpapan project is operated by PT Pertamina (Persero), and that the contract's client is a joint-organisation consortium established in Indonesia, and originating from South Korea as managed by Hyundai Engineering Co Ltd.

 

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