News about Kerjaya Prospek

Kerjaya Prospek declared a first interim dividend of three sen per share, amounting to RM37.

Kerjaya Prospek said the acquisition will be executed by its subsidiary, Kerjaya Prospek Ventures Sdn Bhd (KPV), which has entered into a subscription and shareholders’ agreement (SSA) with three Singapore-listed Aspen (Group) Holdings Ltd’s subsidiaries, namely AVL, Aspen Vision Development Sdn Bhd (AVD) and Aspen Vision All Sdn Bhd (AVA).

The adjudicator ordered Yong Tai’s wholly owned subsidiary Apple 99 Development Sdn Bhd pay the sum together with interest to Kerjaya Prospek’s wholly owned unit Kerjaya Prospek (M) Sdn Bhd (KPM), Kerjaya Prospek said in a bourse filing on Tuesday.

The dispute revolves around an alleged outstanding contract sum of RM105.

The contract involves the construction of a 47-storey tower comprising 732 serviced apartment units.

The contract involves the construction of residential units across two phases.

There are still construction jobs worth RM520 million from property launches by related party Eastern & Oriental Bhd for Andaman Island this year, according to RHB Investment Bank’s estimates.

This marks the fourth contract Kerjaya Prospek has secured since the beginning of the year, bringing its outstanding order book to over RM4.

The group said it expects the rghts issue of one new share for every two shares held at 20 sen per share, totalling 273.

In a note on Friday, Phillip Capital said that this contract would result in a 2.