<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on April 24, 2019</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Kerjaya Prospek Group Bhd has bagged a related party contract worth RM438.78 million for building works for a proposed development in Jalan Puchong here.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, Kerjaya said its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd had accepted a letter of award for the job from Kerjaya Prospek Property Sdn Bhd (KPPSB).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>KPPSB is a privately-owned property company of Datuk Tee Eng Ho and his brother Tee Eng Seng, executive chairman and executive director of Kerjaya respectively.</p></div>

<div class=newsTextDataWrapInner><p>The contract is expected to commence on May 2, with the completion slated on Nov 1, 2022. “The contract covers constructing the main building for a proposed mixed development, comprising a block of 25-storey offices and hotel and two blocks of 53-storey serviced apartments on top of an 11-storey podium and a four-level basement,” said Kerjaya.</p></div>

<div class=newsTextDataWrapInner><p>It added the contract’s acceptance is undertaken on an arm’s length basis, based on normal commercial terms not more favourable than those generally available to the public.</p></div>

<div class=newsTextDataWrapInner><p>Kerjaya said the contract further enlarges the group’s order book and is expected to provide a steady revenue over four years.</p></div>


KUALA LUMPUR: Kerjaya Prospek Group Bhd has bagged a related party contract worth RM438.78 million for building works for a proposed development in Jalan Puchong here.

In a filing with Bursa Malaysia yesterday, Kerjaya said its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd had acc...

Kerjaya Prospek bags RM439m related party job for mixed project

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