CORP BRIEF: Kerjaya Prospek, Ocean Vantage, MGRC and Highway sector

by TMR / pic by TMR FILE

Kerjaya Prospek’s unit bags project worth RM265m

KERJAYA Prospek Group Bhd’s wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, secured a RM265 million contract from Persada Mentari Sdn Bhd, an indirect subsidiary of Eastern & Oriental Bhd, to undertake main building works for a proposed development project in Penang. The project comprises two blocks of apartments, housing a total of 1,020 units, a basement carpark, a four-storey car park and two storeys of commercial units. The project is expected to be completed within 32 months from its commencement date of July 1, 2022, the company said in a statement yesterday.

Ocean Vantage unit secures RM71m Petrofac contract

OCEAN Vantage Holdings Bhd’s wholly owned subsidiary Ocean Vantage Engineering Sdn Bhd (OVE) has accepted a contract from Petrofac Engineering Services (M) Sdn Bhd to undertake civil, building and piling works on a gas facility known as Additional Gas Sales Facilities 2 in Bintulu, Sarawak, owned by the national oil company Petroliam Nasional Bhd. The contract is worth RM71.3 million, according to Ocean Vantage’s exchange filing yesterday. The contract will commence from April 1, 2022, and is scheduled to be completed by April 30, 2023. OVE will fund the project with internal funds and bank borrowings, the Ocean Vantage filing noted.

MGRC to offer its services on AirAsia Super App

MALAYSIAN Genomics Resource Centre Bhd (MGRC) will provide its genetics screening service (DTect) and personalised health supplements solutions on the AirAsia Super App. In a filing to Bursa Malaysia Bhd, MGRC stated this will be done after it signed a collaborative agreement with AirAsia Com Travel Sdn Bhd. The deal is for one year, MGRC noted in its filing. MGRC will offer services such as Speedoc and Unique Remedy, as well as genetic screening solutions via its Dtect Wellness genetic screening test on the app. On Monday, MGRC clinched a Covid-19 surveillance contract from the Institute for Medical Research, the biomedical research arm of the Ministry of Health to monitor the evolution of the Covid-19 virus.

Hope for highway sector as govt agrees for restructuring

THE government’s agreement to a restructuring proposal involving four highway concession companies in the Klang Valley offers hope for the broader highway sector, said RAM Rating Services Bhd. The proposal, which means no more toll rates hike for four highways in the Klang Valley, involves highway concessionaires Syarikat Mengurus Air Banjir dan Terowong Sdn Bhd, Kesas Sdn Bhd, Sistem Penyuraian Trafik KL Barat Sdn Bhd and Lingkaran Trans Kota Sdn Bhd. In a statement yesterday, RAM Ratings said continued toll hike deferment in a single year was reportedly costing the government RM2.25 billion in compensation.