<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 9): KKB Engineering Bhd (KL:<a href="/askedge/klse/9466" class="ce-stock" target="_blank">KKB</a>) has secured a minor engineering, procurement and construction contract from PETRONAS Carigali Sdn Bhd valued at RM212 million.</p></div>

<div class=newsTextDataWrapInner><p dir="ltr">In a bourse filing on Friday, KKB said the contract was awarded to its 60.81%-owned subsidiary, OceanMight Sdn Bhd, with the project slated for completion within 13 months starting Jan 15.</p></div>

<div class=newsTextDataWrapInner><p dir="ltr">The scope covers the fabrication of fixed offshore structures and host tie-in works at Erb West, part of the Belud South greenfield development project offshore Sabah.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p dir="ltr">KKB noted that the contract will not affect the company’s share capital but is expected to contribute positively to its earnings and net assets throughout the contract period.</p></div>

<div class=newsTextDataWrapInner><p dir="ltr">At Friday’s midday break, KKB shares were unchanged at RM1.20, giving the company a market capitalisation of RM346.47 million. The stock has declined 26% over the past one year.</p></div>


KKB Engineering Bhd (KL:KKB) has secured a minor engineering, procurement and construction contract from PETRONAS Carigali Sdn Bhd valued at RM212 million.

In a bourse filing on Friday, KKB said the contract was awarded to its 60.81%-owned subsidiary, OceanMight Sdn Bhd, with the project slated for completion within 13 months starting Jan 15.

KKB Engineering wins RM212m offshore structure tie-in project

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