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.
The proposal entails the issuance of up to 1.
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 completion of the latest land sale will add to the group’s already substantial cash reserves (including short-term funds) which stood at RM1.
Crescendo’s wholly-owned unit Panoramic Industrial Development Sdn Bhd inked a sale and purchase agreement with Microsoft's unit Microsoft Payments (M) Sdn Bhd for the land sale, according to the property developer's bourse filing on Monday.
DONE DEAL: Factory, Eco Business Park, Puncak Alam, Selangor DONE DEAL: Semidee house, Jade Hills, Kajang, Selangor Up to 61.
For now, Kerjaya has outstanding jobs on hand worth RM4.
Kerjaya Prospek said the scope of the project, clinched through its wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd, includes the construction of 360 units of three-storey terrace houses, alongside a clubhouse, landscaping works, and other related infrastructure.
Kerjaya Prospek issued the redemption notice to the investment vehicle, Javawana Sdn Bhd, on Dec 9, according to the property development company’s bourse filing on Thursday.
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