EcoFirst alleges conspiracy in award of now-terminated contract to Kerjaya Prospek
After the termination, Kerjaya Prospek filed a lawsuit against EcoFirst’s wholly-owned unit, BCM Holdings Sdn Bhd, claiming RM20 million in termination damages.
After the termination, Kerjaya Prospek filed a lawsuit against EcoFirst’s wholly-owned unit, BCM Holdings Sdn Bhd, claiming RM20 million in termination damages.
Net profit margin for the fourth quarter ended Dec 31, 2023 (4QFY2023) came in at 7.
According to the property developer’s filing, quarterly revenue climbed 21.
According to Kenanga Research, the latest award has lifted the group’s new job wins this year to RM377.
This brings its cumulative contract wins, year-to-date, to RM377.
On Jan 3, Kerjaya Prospek announced a contract worth RM170.
The job scope covers the construction of main building works for, amongst others, a 45-storey structure comprising a 38-storey serviced apartment block of 380 units — to be completed within 35 months from Jan 18, 2024.
The project entails the construction and execution of main building works for a 45-storey structure, including a 38-storey serviced apartment block comprising 380 units, a two-storey basement carpark, and a five-storey elevated carpark.
The research house said The Vue @ Monterez launched recently in the third quarter ended Sept 30, 2023 (3QFY2023), with a gross development value (GDV) of RM250 million, had recorded a take-up rate of approximately 50% as of November.
Kerjaya Prospek, in a bourse filing on Nov 23, said that its solicitor had issued a letter to BCM, instructing the company to pay the RM20 million within seven days from Nov 21, failing which legal action will be initiated.