
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.