Latest news with #RM162mil
The Star
08-05-2025
- Business
- The Star
Kerjaya Prospek bags RM162mil contract in JB
From left: Ta Wee Dher, executive director of Majestic Gen; Datuk Hoo Kim See, CEO; Tee Eng Tiong, CEO and executive director of Kerjaya Prospek Group; and Chia Sow Teck, senior contract manager of Kerjaya Prospek (M) Sdn Bhd. PETALING JAYA: Kerjaya Prospek Bhd's wholly-owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has secured an award from Majestic Gen Sdn Bhd for building contract works in Johor Baru (JB) for RM162mil. In a stock exchange filing, the group said the job involves main building works for a 47-storey serviced apartment comprising 732 units and nine levels of podium parking. The development also includes one level of basement parking, mechanical and electrical (M&E) facilities, an additional level with parking, M&E facilities and a commercial unit, as well as three levels of recreational facilities. The deal, its first contract win in Johor this year, will commence on Aug 1, 2025, and is expected to be completed within 36 months. The project is anticipated to provide an additional stream of revenue for the group over the next three years.
The Star
08-05-2025
- Business
- The Star
Kerjaya Prospek unit bags JB construction works for RM162mil
From left: Ta Wee Dher, executive director of Majestic Gen; Datuk Hoo Kim See, CEO; Tee Eng Tiong, CEO and executive director of Kerjaya Prospek Group; and Chia Sow Teck, senior contract manager of Kerjaya Prospek (M) Sdn Bhd KUALA LUMPUR: Kerjaya Prospek Bhd's wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd has secured an award from Majestic Gen Sdn Bhd for building contract works in Johor Bahru for RM162mil. The group said in a stock exchange filing the job entails the main building works of a 47-storey service apartment with 732 units and nine level so fpdoum parking. The development also includes one level of basement parking and mechanical and electrical (M&E) facilities, one level of parking and M&E facilities with one commercial unit and three levels of recreational facilities. The contract will commence on Aug 1, 2025, and be completed within 36 months. It is expected to provide an additional stream of revenue for the group over the next three years. "We are honoured to be entrusted with the construction of Majestic Gen's maiden project in Johor, which also represents our first contract win in the state for 2025. "Geographically, our focus remains on three growth regions, namely Klang Valley, Penang and Johor, where we see strong demand and vibrant development activities continue to shape the future of urban living," said Kerjaya Prospek CEO and executive director Tee Eng Tiong in a statement. According to Tee, the group's year-to-date new contract wins have reached RM870.3mil, putting it on track to achieving its RM1.6bil target for the year. He added that total outstanding order book stands at RM4.6bil, providing healthy earnings visibility and solid foundation for continued growth over the next four financial years.
The Star
07-05-2025
- The Star
MACC nabs company director over RM1.65mil false claim for housing project
PUTRAJAYA: A construction company director with a Datuk title has been arrested by the Malaysian Anti-Corruption Commission (MACC) for allegedly submitting documents containing false details involving RM1.65mi in connection with the RM162mil Civil Servants Housing (PPAM) project in Perak. According to a source, the man in his 60s was arrested at about 5.15pm Tuesday (May 6) when he turned up to give his statement at the MACC headquarters here. "The suspect is believed to have committed the offence in March 2025 by submitting documents with false details to the bank to withdraw about RM1.6mil from a RM69mil financing facility for the project," said the source. The man has been remanded for five days until May 11 after Magistrate Siti Roslizawati Mohd Zanin allowed the MACC's application at the Putrajaya Magistrate's Court Wednesday (May 7). MACC Investigation Division senior director Datuk Zainul Darus, when contacted, confirmed the arrest and said the case was being investigated under Section 18 of the MACC Act 2009. — Bernama
