
KUALA LUMPUR (April 17): Bina Puri Holdings Bhd (KL:BPURI) said it has secured a road construction and upgrade subcontract valued at RM156.45 million in Simunjan, Sarawak.
The job, which involves site clearing, earthworks, geotechnical works, drainage, and bridges, was awarded to its unit, Bina Puri Builder Sdn Bhd, on Thursday (April 16) by Easter Synergy Sdn Bhd, according to the construction company’s bourse filing on Friday.
The subcontract carries a 30-month period and is scheduled for completion by the fourth quarter of 2028.
It is expected to contribute positively to the company’s future earnings, Bina Puri noted.
Bina Puri, which faces several winding-up petitions, is in the midst of restructuring its debts via a scheme of arrangement with its creditors.
It secured a court order to convene a scheme creditors meeting up to July 16 this year, and a restraining order until Sept 16.
Shares in Bina Puri ended unchanged at 30 sen, valuing the company at RM263.42 million.