Kerjaya Prospek bags RM203 mil concrete structure job for Texas Instruments' Melaka factory

• The job is part of the RM1.45 billion contract awarded by Texas Instruments to the JV in October last year.

KUALA LUMPUR (Sept 27): Kerjaya Prospek Group Bhd has secured a contract worth RM203.06 million from Samsung-KP JV — the 30:70 joint venture between Kerjaya Prospek (M) Sdn Bhd and Samsung C&T (KL) Sdn Bhd, to undertake the concrete structure works of Texas Instruments Electronic Malaysia Sdn Bhd's factory in Melaka.

The job is part of the RM1.45 billion contract awarded by Texas Instruments to the JV in October last year, according to Kerjaya Prospek's bourse filing on Wednesday.

A spokesperson for the company, when contacted, said Kerjaya Prospek will get an additional RM142 million in revenue from this new contract, as RM60 million had already been accounted for in the October announcement.

With the new contract, for which the group received and accepted the letter of award on Sept 25, the group's year-to-date contract wins, in terms of value, stand at RM1.2-RM1.3 billion, with an outstanding order book of RM4.5 billion, the spokesperson.

The contract shall commence on Sept 29 and to be completed within 12 months from the commencement date.

“The contract is expected to provide an additional stream of revenue for the group over the next one year. The contract will further increase and enhance the existing order book of the group," the group's filing read.

Shares in Kerjaya Prospek settled two sen or 1.59% higher at RM1.28 on Wednesday, giving the group a market capitalisation of RM1.62 billion.

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