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- As at end-March, Inta Bina’s unbilled order book stood at RM1.5 billion from its construction segment, alongside unbilled sales of RM90 million from its property development segment.
KUALA LUMPUR (Aug 12): Inta Bina Group Bhd (KL:INTA) has bagged a RM264.5 million contract to build two serviced apartment blocks in Segambut, Kuala Lumpur.
The group said its wholly owned subsidiary, Inta Bina Sdn Bhd, accepted the contract on Monday from GDP Architects Sdn Bhd, acting on behalf of 368 Segambut Sdn Bhd—a joint venture between IJM Land Bhd and FCW Holdings Bhd.
The 38-month contract will commence on Aug 18, said Inta Bina in a bourse filing.
The group said the project will be funded through internally generated funds and external borrowings and is expected to contribute positively to its earnings over the contract period.
As at end-March, Inta Bina’s unbilled order book stood at RM1.5 billion from its construction segment, alongside unbilled sales of RM90 million from its property development segment—providing earnings visibility for the next two to three years.
The group also had RM117.64 million in cash and short-term deposits, against RM133.33 million in short-term borrowings and RM23.65 million in long-term borrowings.
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