Kerjaya Prospek Bags Third Contract, Order Book Balloons to RM4.4 Billlion

The construction outfit has secured a RM265.0 million contract from Persada Mentari Sdn. Bhd., an indirect subsidiary of Eastern & Oriental Berhad, to undertake main building works for a proposed development project located at Kawasan Terbusguna Tanah Seri Tanjung Pinang (Fasa 2A), Pulau Pinang.

The said project comprises two blocks of apartments, housing a total of 1,020 units, a basement carpark, a four-storey carpark and two storeys of commercial units.

It is scheduled to be completed within 32 months from its commencement date of 1 July 2022.

“Together with the recently secured RM710.1 million contract for the development of Astrum Ampang, the Group has bagged three contracts in 2022, fast approaching the RM1.2 billion target for 2022. Being able to achieve this feat despite only being four months into 2022 speaks volume of our competitiveness in the market and our abilities as a leading building contractor in Malaysia,” Mr Tee Eng Tiong, CEO and Executive Director.

“Together with these new contracts, our outstanding order book is bolstered to RM4.4 billion which will provide the Group with earning visibility for the next five years. We will continue to tender for new projects by leveraging on our competitive strengths to enhance our shareholders’ returns and take the Group to the next growth phase,” he elaborated.

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