CORP BRIEF: Kerjaya Prospek, Dataprep, Bank Islam and Kumpulan Powernet

by TMR / pic by TMR FILE 

Kerjaya Prospek wins RM64m contract

KERJAYA Prospek Group Bhd’s wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has accepted a letter of award for RM64 million from Tanjung Pinang Development Sdn Bhd, bringing Kerjaya’s total contracts secured for 2020 to RM1.4 billion, not far from its target of RM1.5 billion. In a filing to Bursa Malaysia yesterday, the award is for the execution and completion of a sewerage treatment plant and all associated works on plot 20 and infrastructure works on a sewerage reticulation system and roadside surface water drainage for the proposed Seri Tanjung Pinang Phase 2A Development in Penang. All works stipulated in the contract will begin on Oct 21, 2020, and to be completed within 24 months. Its outstanding orderbook stands at RM3.6 billion, expected to provide earnings visibility for the group over the next few years.

Dataprep, S5 Systems partner in tech-related areas

DATAPREP Holdings Bhd has entered into a memorandum of collaboration with S5 Systems Sdn Bhd on Tuesday. Under the collaboration, both companies will work as technology partners to strengthen cooperation, as well as striving for the promotion of mutual exchanges. In a stock exchange filing yesterday, both companies partnered in providing and marketing relevant information and communications technology (ICT) solutions and other related products. Dataprep and S5 Systems will also provide consultancy and marketing relevant ICT-related solutions for various projects and industries namely public security, e-payment, mobile security, healthcare, telecommunication, education and other related areas.

Bank Islam issues 3rd tranche of subordinated Sukuk Murabahah

BANK Islam Malaysia Bhd has issued the third tranche of RM700 million subordinated Sukuk Murabahah under its RM10 billion Sukuk Murabahah Programme yesterday. The sukuk is the second subordinated sukuk issued by Bank Islam this year, said Bank Islam in a statement yesterday. The sukuk shall qualify as Tier 2 regulatory capital of Bank Islam in compliance with Bank Negara Malaysia’s Capital Adequacy Framework for Islamic Banks. Hence, it will enhance the capital adequacy of Bank Islam in line with the Basel III requirements.

Kumpulan Powernet buys 51% stake in Chemtrax

KUMPULAN Powernet Bhd has entered into a share sale agreement with Sabaka Group Sdn Bhd to acquire 2,193,000 ordinary shares or 51% stake in Sabaka’s wholly owned unit, Chemtrax Sdn Bhd, for a total cash consideration of RM10 million. Chemtrax, headquartered in Pasir Gudang, Johor, is principally involved in the provision of chemical and gas transportation and forwarding services. Chemtrax has logistics facilities with depots and yards in Pasir Gudang and Simpang Renggam, Johor, and Kuantan, Pahang.