BUSINESS

KERJAYA PROSPEK UNIT CLINCHES RM104.7 MLN CONTRACT FROM E&O SUBSIDIARY

06/11/2023 06:21 PM

KUALA LUMPUR, Nov 6 (Bernama) -- Kerjaya Prospek Group Bhd’s wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd has accepted a letter of award from Persada Mentari Sdn Bhd, an indirect subsidiary company of Eastern & Oriental Bhd, for a construction contract worth RM104.7 million.

In a filing with Bursa Malaysia today, the construction company said the project at Pulau Andaman, Penang encompasses the construction and completion of 69 units of three-storey semi-detached and terrace houses within 26 months, commencing from Dec 1, 2023.

Kerjaya chief executive officer and executive director Tee Eng Tiong said that upon securing the new project, the group’s year-to-date contract replenishment reached RM1.6 billion, bringing the total outstanding order book to RM4.8 billion. 

"Although we have exceeded our target of RM1.2 billion for 2023, we will nevertheless persevere to seek more projects to enhance the order book further, keeping it sustainable for the coming years.

"Leveraging on our extensive track record and expertise of over three decades, we are cautiously optimistic that the group is in a good position to capitalise on the opportunities present on the back of the construction sector’s growth going forward," he added.

-- BERNAMA


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