11 August 2014

PETALING JAYA: Shares in KNM Group Bhd climbed after the company said it will get a slice of the US$1.33bil (RM4.26bil) contract for an oil refining and petrochemical engineering project at the Pengerang Integrated Complex in Johor. The contract awarded in Pengerang, which is the location of Petronas' Refinery and Petrochemical Integrated Development (Rapid) project, could spur a further re-rating on the stock.