Kerjaya wins RM568mil Penang job

KUALA LUMPUR: Kerjaya Prospek Group Bhd’s wholly-owned subsidiary Future Rock Sdn Bhd has accepted a letter of award worth RM567.7mil to execute and complete reclamation and dredging works for Seri Tanjung Pinang (Phase 2B and 2C) development (STP2) at Tanjung Tokong, Penang.

It said in a statement yesterday that the construction works are expected to be completed within 40 months from the commencement date.

The contract, awarded by Tanjung Pinang Development Sdn Bhd, an indirect subsidiary company of Eastern & Oriental Bhd, was undertaken on an arm’s length basis, based on commercial terms which are not more favourable than those available to the public.

The latter is a company in which major shareholders of Kerjaya Prospek have direct and indirect interests. — Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Waz Lian founder Tan Sri Ta Kin Yan passes away at 72
Oil posts weekly gain on solid 2024 demand outlook
Prabowo aims to raise Indonesia debt-to-GDP ratio toward 50%
Laundry Care ventures into linen rental business
Oriental Kopi files for Bursa IPO
BHIC wins RM1bil govt job
MI Technovation prepares for chip recovery
Local furniture export outlook hinges on US housing market
Luxury labels slash prices to attract wary shoppers
Delay in rate cuts but bonds rally

Others Also Read