Latest news with #RM244mil
The Star
04-08-2025
- Business
- The Star
Kelington secures semiconductor project in Germany
Kelington Group Bhd chief executive officer Ir. Raymond Gan PETALING JAYA: Kelington Group Bhd , via its wholly-owned subsidiary Kelington Engineering (Germany) GmbH (KEGG), has accepted a letter of intent (LOI) for a semiconductor hook-up project in Dresden, Germany. Based on the estimated scope for the first phase, the integrated engineering solutions provider said the total contract value is estimated at a minimum of 30 million euros (approximately RM146mil) with the potential to increase to 50 million euros (approximately RM244mil), subject to the final configuration to be determined by the client. 'The LOI establishes a framework for detailed discussions on KEGG to provide hook-up services for key process systems involving specialty gases, chemicals, slurry, bulk gases, process vacuum, and ultra-pure water (UPW). 'It also sets out the agreed unit pricing structure and price adjustment clauses, which will remain in effect until 2027. This long-term arrangement positions KEGG to undertake follow-on work as this semiconductor wafer fabrication plant (wafer fab) expands, without the need for renegotiation on core pricing terms.' Kelington said the LOI marks the company's major entry into the European market. 'This milestone represents a significant step in our European expansion and strengthens our position as a trusted global engineering solutions provider. The end-user is a long-standing client we have supported on multiple projects in Malaysia, and we are proud to extend this partnership into Europe,' Kelington chief executive officer Ir. Raymond Gan said in a statement.
The Star
24-04-2025
- Business
- The Star
FBM KLCI rises for second straight day amid mixed regional performance
KUALA LUMPUR: The FBM KLCI continued its steady upward trajectory, closing higher on Thursday, despite a mixed performance among its regional peers, with some markets showing gains while others struggled amid ongoing tariff uncertainties. The 30-stock index closed up 5.33 points, or 0.36%, at 1,506.52, slightly below its intraday high of 1,507.45. Winners and losers were closely matched, with 463 gainers, 426 losers, and 456 counters unchanged. About 3.08 billion shares, valued at RM2.14bil, changed hands. On Bursa Malaysia, F&N was the top gainer, jumping RM1.10 to RM27.20, followed by Malaysian Pacific Industries , which added 52 sen to RM16.16, Ayer, which rose 34 sen to RM7.90, and Hong Leong Financial Group, which gained 22 sen to RM17.14. Among the losers, Nestle slid 60 sen to RM80, Kuala Lumpur Kepong lost 34 sen to RM19.52, FACB Industries fell 22 sen to RM1.05 and Carlsberg declined 20 sen to RM18.80. Foreign funds turned net buyers on Wednesday, snapping up RM267mil worth of equities. Meanwhile, local institutions and retailers were net sellers, disposing of RM244mil and RM24mil worth of shares respectively. Asian markets were mixed on the day, with the MSCI Asia ex-Japan trading 0.53% lower. Japan's Nikkei 225 rose 0.49% while South Korea's Kospi fell 0.13%. Hong Kong's Hang Seng declined 0.74% and Singapore's Straits Times Index fell 0.09%. China's CSI 300 Index fell 0.07% and the Shanghai Composite Index climbed 0.3%.
