Kerjaya Prospek bags RM291m construction contract in Penang
This marks the fourth contract Kerjaya Prospek has secured since the beginning of the year, bringing its outstanding order book to over RM4.
This marks the fourth contract Kerjaya Prospek has secured since the beginning of the year, bringing its outstanding order book to over RM4.
CIMB Securities said in its note that the domestic focus on the sector makes it relatively attractive to foreign investors.
The contractor, Geopancar Sdn Bhd, had initiated the adjudication to claim payments for substructure works for a project known as Flex @ Bukit Jalil City, undertaken by Ho Hup's wholly-owned unit Bukit Jalil Development Sdn Bhd (BJD).
The job involves the construction of four blocks of apartments of between 30 and 37 storeys high and one block of a five-storey podium with shop offices.
The company told Bursa Malaysia on Thursday that its audit committee convened a meeting on March 25 to receive an update from Messrs UHY on the draft special independent review (SIR) report.
Southern Score said that the transfer will enhance its corporate profile, credibility and reputation, while increasing its visibility among institutional investors.
The Johor-based property developer recorded a net profit of RM536.
The former operator of KL Tower — Menara Kuala Lumpur Sdn Bhd — and its parent Hydroshoppe Sdn Bhd are alleging contractual breaches and misconduct that led to the award of the concession to LSH Service Master.
Following this latest project win, Bintai Kinden’s unbilled order book has increased to RM132.
According to its bourse filing, the contract is set for a duration of 37 months, with construction work scheduled to commence on April 29, 2025 and slated for completion by May 28, 2028.