<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on October 3, 2019</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: KNM Group Bhd has secured three additional contract agreements worth a total of US$12.45 million or approximately RM52.17 million.</p></div>

<div class=newsTextDataWrapInner><p>The three agreements, which are for the design, engineering and supply of pressure vessels, are on top of two contracts disclosed yesterday for the RDMP RU-V Balikpapan Jo project in East Kalimantan, Indonesia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>This brings the combined contract awards received by KNM to a current total of RM107.79 million, the group said in an exchange filing yesterday.</p></div>

<div class=newsTextDataWrapInner><p>Under the new agreement signed with client RDMP Balikpapan Jo, KNM is to supply and deliver the vessels for a combined targeted total period of no later than end-May 2021.</p></div>

<div class=newsTextDataWrapInner><p>The contracts will contribute positively to the group’s earnings for the financial years ending Dec 31, 2019 to 2021, the group added.</p></div>

<div class=newsTextDataWrapInner><p>On Oct 1, KNM announced that it landed two contracts worth RM55.62 million in total in Indonesia.</p></div>

<div class=newsTextDataWrapInner><p>This was when its unit KNM Process Systems Sdn Bhd inked design, engineering and supply contracts last Monday with SK Engineering &amp; Construction Co Ltd for the RDMP RU-V Balikpapan project operated by PT Pertamina.</p></div>

<div class=newsTextDataWrapInner><p>KNM shares settled half a sen lower at 38 sen yesterday, with a market capitalisation of RM985.17 million.</p></div>


KUALA LUMPUR: KNM Group Bhd has secured three additional contract agreements worth a total of US$12.45 million or approximately RM52.17 million.

The three agreements, which are for the design, engineering and supply of pressure vessels, are on top of two contracts disclosed yesterday fo...

KNM secures three more contracts worth RM52m in Indonesia

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<p>The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has extended condolences to the family of former inspector general of police Tun Mohammed Hanif Omar, who died early on Saturday morning.</p>


<p>Perikatan Nasional (PN) will hold a supreme council meeting on Monday (April 22) on the selection of candidate to contest in the Kuala Kubu Baharu state by-election on May 11.</p>


<p>Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...