Bina Puri unit awarded RM35 million construction contract in Thailand

14 Aug 2017 / 13:45 H.

    PETALING JAYA: Bina Puri Holdings Bhd's joint venture firm has been appointed as the contractor for a property project "Im Fine Condominium" in Bangna, Thailand with a contract value of THB250.6 million (RM35.03 million).
    The group told Bursa Malaysia that Bina Puri Holdings (Thailand) Ltd had entered into an agreement with Fine 22 Properties Company Ltd and Ya Thai Chemical Co Ltd for the contract.
    The construction works, which will be carried out with WNC Construction Co Ltd, are to be completed in 12 months.
    Bina Puri said with this latest award, the group's unbuilt book order stands at RM1.5 billion.
    "The said project is expected to contribute positively to the net assets and earnings of Bina Puri Group for the financial year ending December 31, 2017," it added.
    At 12.30pm, Bina Puri's share price fell one sen to 32.5 sen on some 723,400 shares done, giving it a market capitalisation of RM86.83 million.

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