KUALA LUMPUR: Kerjaya Prospek Group Bhd
, via its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd, has accepted a letter of award from Kerjaya Property Sdn Bhd (KPSB) for building works in Setapak, Kuala Lumpur, valued at RM111.76mil.
In a filing with Bursa Malaysia, the group said the contract entailed the building works of a 52-storey building which comprised 42 storeys of service apartments, one-storey basement, eight-storey elevated car park and one-storey facilities floor.
The contract commenced yesterday and would be completed within 40 months.
According to Kerjaya Prospek, the contract is a recurrent related-party transaction as Kerjaya Property is a wholly-owned subsidiary of Kerjaya Prospek Property Bhd, in which certain directors and shareholders of the group have direct and indirect interests.
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