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The industrial park, to be named Eco Business Park VII (EBP VII) is to be developed over nine years.

Cheng Kiat, 77, established Bina Puri in 1975 and has served on its board since Nov 5, 1990.

The projects involve two serviced apartment blocks, which are a 43-storey tower with 848 units (Plot 1) and a 41-storey tower with 735 units (Plot 2).

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

The contract was awarded to Ageson Kensetsu Sdn Bhd, a wholly-owned subsidiary of TXCD, by Vestland Resources Sdn Bhd.

Fajarbaru said the work is scheduled to begin on April 11 and will span nine months, with completion expected by Jan 10, 2026.

“The proposed acquisitions are expected to enable the group to achieve elevated strategic synergistic benefits in complementary business focus and enhanced geographical track record.

The proposed disposal is expected to generate a gain of approximately RM554,000 for the construction firm, which will be recognised as part of its financial results.

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.