Wednesday, September 8, 2010

Bina Puri up in early trade

KUALA LUMPUR: Bina Puri Holdings Bhd's share price advanced on Wednesday, Sept 8 on the company teaming up with Medini Land Sdn Bhd to develop 1.048 million sq ft gross floor area in Medini North, the first phase of Medini Iskandar Malaysia.

At 9.20am, the stock was up nine sen to RM1.22 with 323,000 shares traded. The gross development value of the project is about RM500 million upon completion of the two-phase development in Johor.

Bina Puri will have an 80% stake in the development of the project which is expected to be completed in 2012.

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