Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad CORPORATE MILESTONES 5 2009 • KLSB secured its first Industrial Building System (“IBS”) building project from Iskandar Regional Development Authority at a contract value of RM142.81 million. • Kimlun Corporation Berhad was incorporated as an investment holding company. 2010 • Kimlun Corporation Berhad acquired KLSB, SPC and IBT in conjuction with its proposed initial public offering exercise. • Kimlun Corporation Berhad was successfully listed on the Main Market of Bursa Malaysia Securities Berhad on 29 June 2010. • Kimlun Corporation Berhad incorporated a new whollyowned subsidiary namely, Kimlun Land Sdn Bhd (“KLLSB”). 2011 • Kimlun Group ventured into property development with its first development land in Cyberjaya, Selangor. 2012 • SPC was appointed by Mass Rapid Transit Corporation Sdn Bhd as the designated supplier for the supply of segmental box girders (“SBG”) to certain packages of the Projek Mass Rapid Transit Lembah Kelang: Jajaran Sungai Buloh-Kajang for RM223.18 million. • KLSB secured more than RM400 million worth of IBS projects during 2012. 2013 • Kimlun Group launched its first property development project, the Hyve SOHO and Offices in Cyberjaya, Selangor. • KLSB secured its first contract with a value exceeding RM290 million for the construction of service apartments and ancillary buildings. • SPC set up a new precast concrete products manufacturing plant on a piece of land measuring approximately 130 acres in Negeri Sembilan, and commenced production during the year. 2015 • Kimlun Corporation Berhad incorporated a whollyowned subsidiary, KL Building Materials Sdn Bhd (“KBMSB”). The principal activities of KBMSB are manufacturing and trading of building and construction materials, and provision of quarry services and machinery rental services. 2016 • Kimlun Group’s 30% owned joint venture company, Zecon Kimlun Consortium Sdn Bhd, was awarded a work package contract for the Proposed Development and Upgrading of the Pan Borneo Highway in Sarawak for a contract sum of RM1.46 billion. This signifies the Group’s geographical diversification to East Malaysia, and expansion of its construction services to highway project. The Project is the single largest contract which the Group won in its history. • SPC won SBG and tunnel lining segments supply contracts in relation to Projek Mass Rapid Transit Lembah Kelang: Jajaran Sungai Buloh- Putrajaya Line, with aggregate contract value of RM252 million. 2017 • KLSB subscribed for 40% equity interest in JBB Kimlun Sdn Bhd (“JKSB”). The principal activity of JKSB is building and infrastructure contractor. • KLLSB incorporated three wholly-owned subsidiaries, Kiiville Sdn Bhd (“KVSB”), Kii Ashbury Sdn Bhd (“KASB”) and Kii Morris Sdn Bhd (“KMSB”). The principal activities of KVSB, KASB and KMSB are property investment and property development. • Kimlun Group commenced premix production in Sarawak and Johor (cont’d)