KUALA LUMPUR: KNM Group Bhd 's wholly owned subsidiary KNM Process Systems Sdn Bhd has signed a RM20.7mil contract with Keppel Shipyard Ltd for the supply of a pressure vessel.

       It said in a filing with Bursa Malaysia that the duration of the transaction is for a period of about 12 months.

       It said the transaction is expected to contribute positively to KNM Group’s earnings for the financial years ending Dec 31, 2021, and Dec 31, 2022.

       At market close, KNM's shares were 1.5 sen or 7.32% lower at 19 sen per unit on the back of 86.97 million shares traded.