<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 15): Binastra Corp Bhd has secured a contract worth RM369.95 million to undertake construction and completion of main building works and infrastructure projects.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia on Friday, Binastra announced that its wholly owned subsidiary Binastra Builders Sdn Bhd had accepted the letter of award from Exsim Jalil Sdn Bhd. The project is to be completed&nbsp;in 41 months.</p></div>

<div class=newsTextDataWrapInner><p>The contract involves the development of three blocks of suite apartments totalling 1,558 units, along with related facilities in Bukit Jalil, Kuala Lumpur.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Previously known as Comintel Corp Bhd, Binastra is currently undertaking a rights issue followed by a private placement to raise approximately RM90 million for the acquisition of construction equipment and working capital.</p></div>

<div class=newsTextDataWrapInner><p>Binastra underwent rebranding under its major shareholder Datuk Jackson Tan, who was involved in construction projects before becoming a shareholder in December 2022. He has been the group's managing director since January 2023.</p></div>

<div class=newsTextDataWrapInner><p>Binastra’s share price closed five sen or 2.94% lower RM1.65 on Friday, for a market capitalisation of RM746.6 million.</p></div>


Binastra Corp Bhd has secured a contract worth RM369.95 million to undertake construction and completion of main building works and infrastructure projects.

In a filing with Bursa Malaysia on Friday, Binastra announced that its wholly owned subsidiary Binastra Builders Sdn Bhd had accepted the letter of award from Exsim Jalil Sdn Bhd. The project is set to commence within 41 months.

Binastra Corp bags RM369.95m construction job

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<p>PKR president Datuk Seri Anwar Ibrahim on Sunday confirmed that preliminary discussions have taken place within the party regarding rumours of Tengku Datuk Seri Zafrul Abdul Aziz joining PKR.</p>


<p>The Works Ministry (KKR) is projecting spending in the construction sector of RM200 billion, covering the government sector, government-linked companies (GLCs), government-linked investment companies (GLICs) and the private sector, next year.</p>


<p>China's CNOOC Ltd has sold its US subsidiary, together with its upstream oil and gas assets in the Gulf of Mexico, to British chemicals group INEOS, according to a CNOOC statement issued on Saturday.</p>


<p>Five of the so-called “Bali Nine” prisoners were returned to Australia, more than 19 years after their arrests in a drug smuggling case that periodically damaged ties with Indonesia.</p>


<p>In the pursuit of environmental, social and governance (ESG) best practices, it is easy to overlook gaps that are worthwhile addressing in creating a foundation for sustainability that is ultimately rewarding for an organisation.</p>
