Moody's outlook on the Korean banking system has been negative since May 2016.
KUALA LUMPUR: Kerjaya Prospek Group Bhd
has secured a RM77mil contract for the building and external works of a 24-storey office building in Mutiara Damansara, Selangor.
In a filing with Bursa Malaysia Tuesday, Kerjaya Prospek said its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd (KPSB) has accepted a letter of award from TSM Towers Sdn Bhd to undertake the building and external works of the proposed development project.
Kerjaya said the commercial building was designed to be a grade A, MSC compliant office building. It added that the construction works of the project would take 15 months from its scheduled commencement in May 2017 and is targeted for completion by fourth quarter of 2018.
In a separate statement, the company said the latest contract was Kerjaya’s third contract award for the year 2017, bringing the current outstanding orderbook to RM2.6bil.
“This project award brings our year-to-date contract wins to RM316mil. This is our first project from TSM and I would like to thank them for their confidence in us,” executive chairman Datuk Tee Eng Ho said in the statement.
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