Wednesday, September 15, 2010

Bina Puri order book swells to RM2.57b with RM95.9m Kuching project

KUALA LUMPUR: BINA PURI HOLDINGS BHD []'s order book swelled to RM2.57 billion to date after it secured a contract to build the proposed 13-storey Plaza Merdeka commercial complex/hotel along Pearl Street, Kuching for RM95.69 million.

It said on Wednesday, Sept 15 that its unit Bina Puri CONSTRUCTION [] Sdn Bhd had accepted a letter of award from Rakyat Elite Sdn Bhd for the project.

Bina Puri said the project was expected to be completed within 19 months.

'With the award, the group's current book order stands at RM2.57 billion as at to date.'' The group had managed to secure new projects worth RM1.62 billion in 2010,' it said.

Bina Puri said the contract was expected to contribute positively to its earnings for the financial year ending Dec 31, 2010.

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