Tuesday 13 Oct 2026
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KUALA LUMPUR (Feb 12): Critical Holdings Bhd (KL:CHB) has secured a RM34.97 million contract to build a cleanroom production floor at a manufacturing plant in the Batu Kawan Industrial Zone, Penang, for an undisclosed US-based multinational corporation (MNC).

The job is expected to be completed by June 30, the group said in a bourse filing on Thursday.

It described the undisclosed MNC as a renowned US-based MNC that offers computer memory and computer data storage systems for industrial Internet of Things solutions.

Critical Holdings is a Penang-based company that specialises in mechanical, electrical and process utilities (MEP) design and engineering services.

Its shares ended two sen or 2.47% lower at 79 sen on Thursday, valuing the group at RM293.67 million.

The counter has climbed 125.7% compared to its initial public offering price of 35 sen when it listed on the ACE Market in December 2023. It transferred to the Main Market in October last year.

Edited ByS Kanagaraju
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