Bina Puri Holdings Bhd 49%-owned joint venture company, Chun Yang Bina Puri (JV) Sdn Bhd, has been awarded a contract from Tokoh Ilham Sdn Bhd for a project under Malaysia’s Public Works Department.
The contract, which has a value of RM72.85 million, involves subcontract works in Daerah Dalat in Mukah, Sarawak. The contract has a period of 24 months and is expected to be completed by the third quarter of 2025. As such, the Group expects it to contribute positively to Bina Puri’s earnings and net assets in the financial year ending June 30, 2024, and onwards.
Datuk Matthew Tee, Bina Puri’s Group Executive Director, said: “We are pleased to announce that Bina Puri has secured a contract from Tokoh Ilham Sdn Bhd for a project under the Public Works Department.
As an established construction player, Bina Puri has been at the forefront of delivering successful projects across Malaysia, including, for instance, the iconic Sarawak State Legislative Assembly (DUN) building in Kuching. This contract reaffirms Bina Puri’s track record of excellence in the construction industry, as well as our commitment to delivering high-quality results in every project.
Moving forward, Bina Puri said it continues to build a strong recurring income base, through a mix of international and local projects. Among its key projects are Puri Residences, a 21.41-acre landed residential development in Masai, Johor, with 384 units of double-storey homes and an estimated gross development value (GDV) of RM217 million. The group is also involved in The Valley @ Bentong, Pahang, an agricultural-based development comprising a mix of farms and homes. Built on a parcel of land spanning 1,600 acres or the equivalent of 1,200 football fields, The Valley commands an estimated GDV of RM383 million. The Group currently has an orderbook of RM1.5 billion for its construction and property segment.
