Jetson’s contract joy short-lived


Group managing director Datuk Teh Kian An(filepic), who is the largest shareholder in the company, has an 11.8% stake or 23.84 million shares, followed by Next Peak Assets Ltd which holds 9.16%, and Phoa Boon Ting at 8.97%

PETALING JAYA: Kumpulan Jetson Bhd’s joy of winning a construction contract worth almost RM1bil – manifold its market capitalisation – has been short-lived.

Just five days after announcing the massive contract, the company said the job had been unilaterally terminated by the company that had awarded the work.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Kumpulan Jetson Bhd

Next In Business News

Architectural history and evolution
The subsale conveyancing grey area
Calculating rates of charges and share units (part 1)
Trump says new tariffs on autos coming around April 2
Ringgit to trade cautiously ahead of FOMC minutes
Oil prices settle lower as supply worries ease
Domestic demand fuels 5% growth in 4Q24
Opening new frontiers for business
Navigating the future of business travel
Sustainability through strong governance and enriching actions

Others Also Read