Kimlun Corporation Bhd said its subsidiary, Kimlun Sdn Bhd, has secured a construction contract worth RM150 million from Astaka Development Sdn Bhd.
The contract entails main building works for Aliva Mount Austin, a serviced residence development in Johor Bahru, Johor.
Construction is scheduled for completion in the fourth quarter of 2026.
The project is expected to positively impact Kimlin Group's earnings and net assets during the contract period.