|Company Name||KERJAYA PROSPEK GROUP BERHAD|
|Date Announced||07 Feb 2023|
|Category||General Announcement for PLC|
ACCEPTANCE OF LETTER OF AWARD AMOUNTING TO RINGGIT MALAYSIA THREE HUNDRED AND NINETY EIGHT MILLION (RM398,000,000.00) FROM TANJUNG PINANG DEVELOPMENT SDN. BHD. IN RESPECT OF THE PROPOSED CONSTRUCTION OF COASTAL PROTECTION STRUCTURE FOR THE PROJECT KNOWN AS "PROPOSED RECLAMATION FOR SERI TANJUNG PINANG (PHASE 2B & 2C) DEVELOPMENT (STP2) PENANG"
The Board of Directors of Kerjaya Prospek Group Berhad (the “Company” or “KPGB” and together with its subsidiaries, the “Group”) wishes to announce that its wholly-owned subsidiary, Future Rock Sdn. Bhd. (“FRSB”) has on 7 February 2023 received a letter of award from Tanjung Pinang Development Sdn. Bhd. (“TPD”), for execution and completion of coastal protection structure for Phase 2B and 2C of reclamation for Seri Tanjung Pinang Development for a total contract sum of Ringgit Malaysia Three Hundred and Ninety Eight Million Only (RM398,000,000.00). On 7 February 2023, FRSB accepted the letter of award.
TPD is an indirect subsidiary company of Eastern & Oriental Berhad, a company which certain Directors and major shareholders of the Company have direct and indirect interests.
Details of the announcement are set out in the file attached.
This announcement is dated 7 February 2023.
Please refer attachment below.