PETALING JAYA: Inta Bina Group Bhd
has accepted a letter of award from Gamuda Land (T12) Sdn Bhd for the proposed development of 174 units semi-detached houses, worth RM111.98mil.
In a filing with Bursa Malaysia, Inta Bina said Phase 1 will consist of 124 units of semi-detached houses, a guard house, management office and two Tenaga Nasional Bhd (TNB) substations.
Meanwhile, Phase 2 will comprise 50 units of semi-detached houses.
“The construction period shall be for a period of 23 months from June 4, 2024,” it said.
Inta Bina said there are no foreseeable significant risks, other than operational risk associated with the contract during the construction period.
“Barring any unforeseen circumstances, the contract is expected to contribute positively towards the future earnings of Inta Bina for the duration of the contract.
“The group intends to fund the contract via internally generated funds and/ or external borrowings,” it said.
