KKB announced that OceanMight Sdn. Bhd. (?OMSB?), a subsidiary of the Company has entered into a Memorandum of Understanding (?MOU?) with Samsung Engineering Co., LTD. (?SECL?), for both parties to cooperate and collaborate with each other in the preparation, submission and negotiation of tenders for projects worldwide which may involve specialized scope of work and supply such as Engineering, Procurement and Construction of offshore and onshore oil and gas process modules and structures.

The MOU shall be valid for 2 years subject to the terms of the MOU.