Kerjaya Prospek gets RM203mil E&O project

Notably, the contract award is regarded as a recurrent related party transaction as Datuk Tee Eng Ho, (file pic) who is a co-founder of Kerjaya Prospek, is a director and major shareholder of E&O. Tee, through his vehicle Amazing Parade Sdn Bhd, is in the midst of a mandatory takeover offer of E&O

PETALING JAYA: Kerjaya Prospek Group Bhd, through a 50% joint venture partnership with Gamuda Engineering Sdn Bhd, a wholly-owned subsidiary of Gamuda Bhd, has received a RM202.6mil project from Eastern & Oriental Bhd (E&O) to build a bridge connecting Jalan Gurney and the Seri Tanjung Pinang (Phase 2) Development (STP2) in the Penang Island.

In a filing with Bursa Malaysia yesterday, Kerjaya Prospek said the JV won the contract from Tanjung Pinang Development Sdn Bhd, an indirect subsidiary of E&O.