KUALA LUMPUR, Kerjaya Prospek Group Bhd has clinched an RM87.66 million contract from Eastern & Oriental Bhd to undertake building works for a commercial development in Shah Alam.
In a statement on Wednesday, the group said the contract was awarded to its wholly owned unit, Kerjaya Prospek (M) Sdn Bhd, by E&O’s indirect subsidiary, Eastern & Oriental Express Sdn Bhd.
The project involves constructing 104 two-storey shop offices, six three-storey shop offices, 23 affordable shop units, two electrical substations, and one compact substation. Work is set to begin on Nov 17, 2025, with completion expected within 30 months.
“We are pleased to secure another project in Shah Alam, a rapidly growing area with strong demand,” said chief executive officer Tee Eng Tiong.
With this win, Kerjaya Prospek has secured seven projects worth about RM958 million this year, bringing its total outstanding order book to RM3.6 billion.
At Wednesday’s close, Kerjaya Prospek shares slipped 10 sen or 3.57% to RM2.70, giving the group a market value of RM3.42 billion. E&O’s shares eased half a sen to 80.5 sen, valuing it at RM2.03 billion.
