News about construction

Spanning 4.

The value of the subcontract is more than four times Sunmow's current market capitalisation of RM232.

This contract is deemed as a recurrent related party transaction, as Datuk Tee Eng Ho, the non-independent non-executive chairman and major shareholder of Kerjaya Prospek, also serves as the executive chairman and major shareholder of Eastern & Oriental Bhd.

The contract involves construction of main building works and external works of the Sultan Azlan Shah Campus, owned by the Sultan Idris Education University, in Tanjong Malim, Perak.

Mohd Ariff has over 18 years of experience in key positions of internal audit, accounts and reporting, and business planning and budgeting in the oil and energy industry.

In a filing with the bourse, the construction firm said that its wholly-owned subsidiary, Kitacon Sdn Bhd, had accepted a Letter of Award from Sime Darby Property (Bukit Raja) Sdn Bhd for the proposed work.

The contract involves construction of Phase 2A of Kedah Science and Technology Park in Bukit Kayu Hitam.

The plant located in Kulim High Tech Park is slated to be the largest 200-millimetre front-end manufacturing site for Infineon, focusing on automotive, green industrial power and power, and sensor systems.

This is the fourth contract win for Jati Tinggi which made its debut on the ACE Market of Bursa Malaysia last December.

"Following several discussions with the bank, the company is currently in the midst of negotiation with the bank to honour the court order," Ireka added.