news

Bina Puri JV company bags RM183m contract for construction work in Nepal

KUALA LUMPUR (April 20): Bina Puri Holdings Bhd said its 20% joint venture (JV) company has bagged a contract worth 5.2 billion Nepali rupee (RM183 million) for a new construction project in Nepal.

According to a bourse filing today, Bina Puri Kalika-Samanantar JV has been awarded the contract by the Supreme Court of Nepal for the construction of the Supreme Court Building Complex at Ramshahpath, Kathmandu.

Bina Puri said the contract period is 36 months, commencing April 1, 2021.

The group said the contract will have no material effect on the share capital and substantial shareholders’ shareholding of Bina Puri.

Furthermore, the contract is expected to contribute positively to the earnings and net assets of the Bina Puri Group for the financial year ending June 30, 2021 (FY21), FY22, FY23 and FY24.

At noon break, Bina Puri settled half a sen or 5.26% lower at nine sen with some 11.89 million shares done. This valued the group at RM79.93 million.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE
RELATED POSTS
  1. Bina Puri inks MoU for providing renewable energy power solutions
  2. Deadly fire: Hong Kong authorities to inspect 2,500 older residential buildings
  3. Bina Puri to raise up to RM9m via private placement