Bina Puri awarded RM470.3m contract

KUALA LUMPUR: Bina Puri Holdings Bhd has been awarded a RM470.3 million contract by a unit of property developer Asian Pac Holdings Bhd for a proposed arcade, serviced apartments and elevated car park in Kota Kinabalu, Sabah, known as KK Times Square (Phase II).

With the award of this project, Bina Puri's current unbuilt order book swells to RM2.8 billion.

The company is due to complete the project within 26 months, and is expected to contribute positively to Bina Puri's earnings for the current financial year. So far this year, the group has managed to secure a total of RM970 million worth of projects, which include the new Sabah state administrative centre that the group secured in July, worth some RM388.7 million.