KUALA LUMPUR: Kelington Group Bhd’s indirect subsidiary, Ace Gases Marketing Sdn Bhd, has accepted a letter of intent (LoI) from one of the world’s largest optoelectronics semiconductor companies for an onsite industrial gases supply scheme for a period of 10 years.

       In a filing with Bursa Malaysia yesterday, it said a definitive agreement for the RM180mil supply scheme would be executed in due course.

       Under the LoI, it said Ace Gases Marketing would set up onsite generators to produce nitrogen, hydrogen and oxygen gases at the customer’s semiconductor manufacturing plant in Kulim, Kedah. — Bernama