KAB accepts RM14m contract for Bon Estates condos


Xeraya Capital is a venture capital and private equity firm focused exclusively on Life Sciences investments.

KUALA LUMPUR: Kejuruteraan Asastera Bhd (KAB) has accepted a RM14.5mil contract from Kerjaya Prospek Sdn Bhd to conduct subcontracting services on the electrical and telephone systems for two blocks of condominiums in Kuala Lumpur owned by Bon Estates Sdn Bhd.

The delivery of the services is expected to be completed by May 24, 2020. 

KAB said the contract is expected to contribute positively to the group's future earnings.

On Wednesday, KAB closed 0.5 sen per share lower at 28 sen with 11.67 million shares done.

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