Kerjaya Prospek demands RM20 mil in termination damages from Ecofirst’s subsidiary
Kerjaya Prospek said its solicitor has issued a letter to BCM, instructing them to make the specified payment within seven days from Nov 21.
Kerjaya Prospek said its solicitor has issued a letter to BCM, instructing them to make the specified payment within seven days from Nov 21.
The group is now strategising on the use of its existing land bank with two new upcoming developments — one in Sentul, Kuala Lumpur and another in Shah Alam, Selangor — which will have an estimated gross development value (GDV) of about RM395 million.
Kerjaya Prospek recorded a 9.
Kerjaya Prospek said it will be taking necessary steps under the letter of award (LOA) after advice from its solicitors “to enforce its right to recover the pre-agreed damages payable stated in the LOA, which is due and payable by BCM to [wholly owned subsidiary] Kerjaya Prospek (M) Sdn Bhd”.
The group’s unit Eurospan Furniture Sdn Bhd is also disposing of two freehold industrial lands with buildings on-site to DFSB for RM15.
The contract covers the execution and completion of 69 units of three-storey semi-detached and three-storey terraced houses for the proposed development at Seksyen 2, Pulau Andaman in Penang.
With the latest contract win, Kerjaya Prospek has managed to surpass its target of securing RM1.
According to a bourse filing on Friday, Eng Seng and Eng Ho’s vehicle Kerjaya Prospek Development (M) Sdn Bhd on Sept 27 converted 60 million ICULS to shares at 23.
The job is part of the RM1.