The listing exercise will involve a public issue of 64 million new ordinary shares and an offer for sale of 11.3 million ordinary shares of 50 sen each.
Kimlun is principally an investment holding company with three proposed wholly owned subsidiaries namely, Kimlun Sdn Bhd (KLSB), SPC Industries Sdn Bhd (SPC) and I-Buildtech Solutions Pte Ltd (IBT).
The group is an engineering and construction services provider specialising in infrastructure and building construction, construction management, the provision of industrial building systems and manufacturing of concrete products. It also trades in construction and building materials.
KLSB has since 2003 expanded its construction services business to larger-scale building and infrastructure construction works including projects exceeding RM100 million each and heavy engineering works such as flyovers and interchanges.
SPC commenced its business of manufacturing and supply of concrete products in 2002. Its products range from ready-mixed concrete to pre-cast concrete products to meet the demand of infrastructure and building construction in the Malaysian and Singaporean markets.
IBT, which is principally involved in the provision of industrial building systems and trading of construction and building materials, was incorporated in Singapore in 2008 to capitalise on the growing building and construction market in Singapore.
One of its competitive strengths is that it is well positioned to respond to opportunities that the construction industry in Malaysia and Singapore may present, in particular Iskandar Malaysia, where the group has a significant presence.
The group is capable of providing a wide range of engineering and construction services, industrial building systems and concrete products to both the building and infrastructure segments of the construction industry.
Friday, April 30, 2010
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