KPS bags RM162.18mil deal to supply water treatment chemicals to Air Selangor

KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd's (KPS) 51%-owned subsidiary Aqua-Flo Sdn Bhd has inked a framework agreement (FA) with Pengurusan Air Selangor Sdn Bhd for the supply and delivery of various water treatment chemicals for RM162.18mil.

The contract is for a period of two years from Jan 1, 2024, to Dec 31, 2025, it said in a bourse filing.

It added that the estimated contract sum is based on approximate quantities, and the actual total quantities to be supplied shall be based on the Purchase Orders issued by Air Selangor and/or Air Selangor Group under the FA.

The contract is expected to contribute positively to KPS group’s earnings and net assets for the duration of the contract.