News about Bina Puri

Bina Puri said it plans to issue up to 30% of its share base of 3.

Due to a default payment amounting to RM198,116.

Maju Offshore had emerged as the fourth largest and substantial shareholder of Bina Puri after subscribing to the group’s rights issue on April 18.

The contract is for all the works under a project known as Jalan Kampung Medong/Lebrasau/Kampung Klid, Daerah Dalat, Bahagian Mukah, under a sub-contract agreement with Tokoh Ilham Sdn Bhd.

The implication of the MCO also meant that the group was unable to progress projects, but it continued to incur certain fixed costs such as rental costs, staffing, and borrowing costs that reflected into a weak financial performance the last couple of years, said the group.

Following the stake acquisition, Maju Offshore is Bina Puri’s fourth-largest shareholder after Bina Puri executive director Chai Chan Tong with a 23.

The corporate exercise was announced in June 2022 and the rights issue was on the basis of two rights shares for every three existing Bina Puri shares.

Bina Puri said there will be no suspension of trading of its shares on Tuesday (Nov 8), after the group submitted its annual report for FY22 to Bursa Malaysia Securities on Monday.

If Bina Puri fails to issue its Annual Report 2022 within five market days from the expiry of the timeframe, i.

KUALA LUMPUR (June 21): Bina Puri Holdings Bhd has proposed to raise some RM27 million via a private placement and rights issue.