CHGP secures RM330mil contract in Penang


KUALA LUMPUR: Chin Hin Group Property Bhd’s (CHGP) 65%-owned subsidiary, Kayangan Kemas Sdn Bhd (KKSB) has secured a contract price RM330mil from Exyte Malaysia Sdn Bhd (EMSB).

In a submitting with Bursa Malaysia, CHGP mentioned the contract was for the availability, execution and completion of the Shell and core works website substructure and superstructure- Beta Site for Intel Pelican Project in Penang.

The contract is for a length of 15 months and shall be accomplished by the third quarter of 2023.

“The contract is expected to contribute positively to the earnings and net assets of CHGP for the financial year ending Dec 31, 2022, and onwards, during the duration of the contract,” it mentioned.

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