Eurospan’s RM55 mil sale of assets to controlling shareholder 'fair and reasonable', says independent adviser
The group’s unit Eurospan Furniture Sdn Bhd is also disposing of two freehold industrial lands with buildings on-site to DFSB for RM15.
The group’s unit Eurospan Furniture Sdn Bhd is also disposing of two freehold industrial lands with buildings on-site to DFSB for RM15.
The contract covers the execution and completion of 69 units of three-storey semi-detached and three-storey terraced houses for the proposed development at Seksyen 2, Pulau Andaman in Penang.
With the latest contract win, Kerjaya Prospek has managed to surpass its target of securing RM1.
According to a bourse filing on Friday, Eng Seng and Eng Ho’s vehicle Kerjaya Prospek Development (M) Sdn Bhd on Sept 27 converted 60 million ICULS to shares at 23.
The job is part of the RM1.
Kerjaya Prospek Development (M) Sdn Bhd, a wholly-owned subsidiary of Kerjaya Prospek Group Bhd, saw its shares in E&O rise by 100 million to 114.
In a sector update on Thursday, the research house said that moving forward, the federal government may now be able to focus its efforts to roll out big-ticket infrastructure projects, in addition to implementing institutional reforms.
The group, via its wholly-owned unit Kerjaya Prospek (M) Sdn Bhd, had received a letter of award on Wednesday from UEM Sunrise’s wholly-owned Sunrise Alliance Sdn Bhd.
In a bourse filing on Friday (Aug 18), Kerjaya Prospek said its revenue grew 11.