KUALA LUMPUR (March 12): Critical Holdings Bhd (KL:CHB), a mechanical, electrical and process utilities (MEP) design and engineering solutions provider, said it has secured two engineering contracts worth a total of RM84.71 million.
In a bourse filing on Wednesday, the ACE Market-listed group said the contracts, awarded to its subsidiary Critical M&E Engineering Sdn Bhd, have raised the group's order book to RM280 million.
The first contract, valued at RM63.61 million, was commissioned by an undisclosed US-headquartered multinational corporation. The job includes the installation of air conditioning and mechanical ventilation, cleanroom, process utilities, and building automation system, for a super centre factory to be built to support wafer fabrication equipment production, at the Batu Kawan Bandar Cassia Technology Park in Prai, Penang.
The second contract, worth RM21.10 million, is for the installation of air conditioning and mechanical ventilation for a data centre in Cyberjaya for a local telecommunications company, which was not named.
Crotical Holdings said both projects have commenced, with the super centre factory set for a completion in the first quarter of 2026 and the data centre in Cyberjaya in the fourth quarter of 2025. The contracts, it added, are expected to positively impact the group's earnings and net assets in the coming financial years.
"These contract wins reflect our strong industry expertise and our ability to deliver complex engineering solutions for high-value projects," said Critical Holdings chief executive officer Tan Si Lim. "The trust placed in us by both international and local industry leaders is a testament to our technical capabilities and operational excellence." Critical Holdings and its group of subsidiaries provide MEP engineering solutions and MEP maintenance and services for critical facilities, namely plant rooms, cleanrooms and data centres.
The end-user markets it serves include the semiconductor, pharmaceutical and solar photovoltaic panel manufacturing sectors as well as data centre, co-location services, telecommunications, hotel and medical facilities sectors.
Critical Holdings shares closed one sen or 1.3% higher at 80 sen, with a market capitalisation of RM297.4 million. The counter has declined 17.53% so far this year.