KUALA LUMPUR: KNM Group Bhd shares, which actively traded this morning, gained half-a-sen to 19.5 sen after secured multiple contracts.
At 11 am, 14.69 million shares were traded.
KNM announced that it has bagged multiple contracts worth RM97.72 million through its subsidiary companies.
The group wholly-owned subsidiary, KNM Process System Sdn Bhd secured a RM53.44 million supply contract for the Petrochemical Complex in Vietnam from TPSK Consortium.
Its indirect subsidiary, FBM Hudson Italiana S.p.A was contracted by Sinopec Engineering (Group) Co Ltd for the supply of reactor effluent air condensers for the Petronas RAPID project in Pengerang, Johor, worth RM18.68 million.
FBM has also been awarded technical goods and works purchase contract for the engineering, procurement, manufacturing, inspection, testing and delivery of Oleflex Reactors for the new European propane dehydrogenation (PDH) project at Borealis Production site in Kallo, Antwerp, Belgium amounting to RM25.59 million from Borealis Kallo N.V.