Kerjaya Prospek's net profit up 59% in 2Q2021

KUALA LUMPUR (Aug 26): Kerjaya Prospek Group Bhd recorded a year-on-year (y-o-y) increase of 59% on its net profit to RM16 million in its second quarter of 2021 financial year ending Dec 31, 2021, mainly contributed by its construction division.

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Kerjaya Prospek plans new launches worth RM630m in 2H2021

KUALA LUMPUR (May 27): Kerjaya Prospek Group Bhd plans to launch two new residential developments in the Klang Valley with a combined estimated gross development value (GDV) of RM630 million in the second half of this year, said Kerjaya Prospek’s chief executive officer and executive director Tee Eng Tiong (pictured).

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E&O has no merger plans for now, says chairman Tee

KUALA LUMPUR (May 12): Property developer Eastern & Oriental Bhd does not plan to merge with any entities in the near term, including with construction player Kerjaya Prospek Group Bhd, according to the majority shareholder of both companies, Datuk Tee Eng Ho.

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The Tee brothers and E&O

KUALA LUMPUR (April 10): A report by The Edge Malaysia asked the question – why did Kerjaya Prospek Group Bhd co-founders Datuk Tee Eng Ho and his brother Tee Eng Seng buy into E&O? Their “recent move” to “mop up additional shares in Eastern & Oriental Bhd (E&O), hitting the 33% threshold for a mandatory general offer (MGO), has left many investors wondering what they see in E&O that others do not”, wrote the weekly.

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