KUALA LUMPUR, Aug 19 (Bernama) -- Kerjaya Prospek Group Bhd’s wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has secured a RM275.29 million construction contract from Persada Mentari Sdn Bhd.
In a filing with Bursa Malaysia, Kerjaya Prospek said the contract involves the development of a 50-storey serviced apartment block in Penang comprising 261 units with a car park and facilities floor.
“The contract is to be completed within 38 months from the commencement date,” it said.
The contract is expected to provide an additional revenue stream for the group over the next four years and will increase and enhance the group's existing order book.
Persada Mentari is an indirect subsidiary of Eastern & Oriental Bhd (E&O).
The non-executive chairman of Kerjaya Prospek Group is also the executive chairman of E&O. Major shareholders and connected persons have interests in both companies.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
