Kerjaya Prospek secures RM61.9 million residential project from Aspen

Kerjaya Prospek secures RM61.9 million residential project from Aspen
-A +A

KUALA LUMPUR (Dec 28): Kerjaya Prospek Group Bhd announced today it has won a RM61.9 million contract from Aspen (Group) Holdings Ltd, to develop a proposed residential project in Penang.

Kerjaya Prospek told Bursa Malaysia that its wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, won the contract from Aspen Vision City Sdn Bhd, an indirect subsidiary of Aspen (Group) Holdings.

The contract shall commence on Jan 5, 2021 and be completed within 24 months from the commencement date.

"The contract is expected to provide an additional stream of revenue for the group over the next two years," said Kerjaya Prospek.

In a separate statement, Kerjaya Prospek said the latest contract lifted the value of the contracts won year-to-date to RM1.5 billion.

"Its strong outstanding order book of RM3.5 billion will provide earnings visibility for the next few years," it said.

Kerjaya Prospek dropped two sen to RM1.05 today, valuing the group at RM1.3 billion.

Kathy Fong