Binastra wins RM370mil construction contract


KUALA LUMPUR: Binastra Corp Bhd’s wholly-owned subsidiary, Binastra Builders Sdn Bhd has secured a RM369.95mil construction contract from Exsim Jalil Link Sdn Bhd.

In a filing with Bursa Malaysia, Binastra said the contract is for construction and completion of the proposed development of three blocks of suites apartments (residential) (1558 units) at Bukit Jalil, Kuala Lumpur.

The contract shall complete within 41 months from the date of commencement which will be notified in due course by architect’s instruction.

Binastra said the contract is expected to contribute positively to the earnings and net assets per share of the group for the financial years ending Jan 31, 2025 to 2028.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Automotive sector braces for bumpy ride
TCMH struggles to stop slide
New tax brings dividends
Boycott hits the bottom line
IMF credits Malaysia’s economic reforms, calls for further action to strengthen resilience
Britain joins trans-Pacific pact in biggest post-Brexit trade deal
Choosing between unbuilt homes and sub-sale units
When a tenant refuses to leave
Malaysia in the lead
Eco World redesignates Leong Kok Wah as non-independent, non-executive director

Others Also Read