KUALA LUMPUR: KKB Engineering Bhd and its subsidiary have received contracts with a combined value of about RM23.7mil.

       In a bourse filing, the engineering and manufacturing group said it had received a letter of award from the Kuching Water Board for diversion works of the existing 100mm N.D. MSCL Pumping Mains at Sg. Maong Paroh, Jalan Matang/Batu Kawa, Kuching Division.

       It added that its subsidiary OceanMight Sdn Bhd has secured a contract from Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) for the provision supplies and services to carry out piles fabrication, loadout and sail away for the SK408W Jerun A CPP Jacket.

       The Kuching Water Board contract is to be executed over a period of 12 months while the MMHE job will take place between February 2022 to February 2023.

       "The abovementioned Subcontract and KWB Contract will have no effect on Share Capital of KKB and are expected to contribute positively towards the earnings and net assets of the Company and Group for the duration of Subcontract and KWB Contract," said KKB.