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Property News

Inta Bina bags RM44m deal to build Eco Majestic’s terraced houses

KUALA LUMPUR (Sept 8): Inta Bina Group Bhd has secured a RM43.65 million contract from Eco Majestic Development Sdn Bhd to undertake the main building works at a gated and guarded community development in Hulu Langat, Selangor.
The construction group said its wholly owned subsidiary Inta Bina Sdn Bhd would construct 162 double-storey terraced houses and an electrical substation under Phase 4 of Cheerywood.
The contract will start on Nov 1, 2023, and the houses are to be completed within 20 months, it said in a filing with Bursa Malaysia on Friday.
Barring any unforeseen circumstances, the contract is expected to contribute positively towards future earnings of Inta Bina for the duration of the contract, it said.
The group intends to fund the contract via internally generated funds and/or external borrowings.
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Source: EdgeProp.my

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