KNM unit accepts RM111mil purchase order for air cooled heat exchangers

KUALA LUMPUR: KNM Group Bhd‘s subsidiary FBM Hudson Italiana SpA has accepted a purchase order from Bechtel International Inc for the supply of air cooled heat exchangers for RM111mil.

It said in a filing with Bursa Malaysia that the duration of the transaction is for a period of about 20 months from the date of the purchase order.

“The Transaction is expected to contribute positively to KNM Group’s earnings for the financial years ending 31 December 2022 and 31 December 2023,” said KNM.

At 12.30pm, shares in KNM were trading 0.5 sen or 2.27% higher at 22.5 sen apiece on the back of 38.41 million units exchanging hands.