News about construction

Kerjaya Prospek (M) Sdn Bhd, had accepted a letter of award from TPDSB for the execution and completion of a Gurney pedestrian ramp, access to Gurney and all associated works at Bandar Tanjung Pinang, Pulau Andaman.

According to Kerjaya Prospek's announcement to Bursa Malaysia, the contract covers the execution and completion of a foundation piling system and pile caps, the construction of a basement and two levels of lower ground and all associated site works and earthworks for the proposed two blocks of 52 storey service apartments.

Econpile said its wholly-owned subsidiary Econpile (M) Sdn Bhd had on March 6 received the letter of award from Archimatrix Sdn Bhd, acting on behalf of Setia MF SFH Development Sdn Bhd.

According to RHB, the sector recorded a high amount of RM159 billion of work done in CY2024, a 20% year-on-year increase.

The company is seeking its shareholders’ approval for the proposed business diversification, as the property development is expected to contribute at least 25% to its net profits and net assets in the future.

Under the contract, EPB is to provide traffic management plan and control services for sections one and two of the Kuala Lumpur-Karak Highway for four years, starting Monday until March 2, 2029.

The contract, awarded by Eco Sanctuary Sdn Bhd, covers phases one to four of the proposed Seruma Integrated Development at Eco Santuari, according to a bourse filing.

The IPO, priced at 88 sen per share, comprises 132 million new shares and an offer for sale of 59 million existing shares, according to the prospectus released on Friday.

On the property development segment, Kerjaya said development projects have contributed positively to the group's results.

The scope of work includes the construction of five reinstated stations along the LRT3 line, the construction of two electric vehicle bus depots in Shah Alam and Johan Setia, the supply of light rail vehicles as well as construction-related infrastructure and system works.