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Property News

Inta Bina bags RM100 mil contract to build 24-storey building in Shah Alam

KUALA LUMPUR (Oct 5): Inta Bina Group Bhd’s unit Inta Bina Sdn Bhd has received a RM100.50 million contract to develop a 24-storey commercial building in Shah Alam, Selangor.
In a Bursa Malaysia filing on Thursday, the construction company said the contract period is 26 months starting on Oct 15, 2023.
“Barring any unforeseen circumstances, the contract is expected to contribute positively towards the future earnings of Inta Bina for the duration of the contract,” it said.
Meanwhile, the group said it intends to fund the contract via internally-generated funds and/or external borrowings.
Shares in Inta Bina ended unchanged at 26 sen, giving it a market capitalization of RM139.3 million.
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Source: EdgeProp.my

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