Wednesday, June 29, 2011

KNM tendering for RM17b contracts

KUALA LUMPUR: KNM GROUP BHD [] is tendering for about RM17 billion worth of contracts as at end-May and expected a success rate of about 20%.

Its group managing director Lee Swee Eng said on Wednesday, June 29 he was also positive on the outlook in the second half as the contracts secured last year were now being realized.

He added KNM planned to venture into Africa, wherein it was teaming up with a South African company. If all goes well, the South African operations would provide it a launch pad to venture into West Africa.

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