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Kerjaya Prospek Unit signs MYR157 Million Development Deal

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Kerjaya Prospek Group (KLSE:KERJAYA) unit Rivanis Ventures signed a development deal worth 156.5 million ringgit with Railway Assets to acquire and develop 34.8 acres of land in Penang, Malaysia.

Shares gained about 2% in Friday's midday trade.

The proposed seven-year mixed-use project will include at least 338 affordable homes, residential properties and commercial units.

The project is expected to support future earnings, although it is not expected to have a material impact on its 2026 results, the company said.

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