Bursa Malaysia Stock Watch

Bina Puri up on new contracts

kltrader
Publish date: Tue, 12 Oct 2010, 06:17 PM
kltrader
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KUALA LUMPUR: BINA PURI HOLDINGS BHD []'s shares advanced on Tuesday, Oct 12 after the company secured two new projects worth about RM14.73 million through its units Bina Puri CONSTRUCTION [] Sdn Bhd (BPCSB) and Bina Puri Saudi Co Ltd (BPSCL).

At 9.15am, Bina Puri was up two sen to RM1.31 with 152,200 shares done.

Bina Puri on Oct 11 said BPCSB had secured a piling test project from Sabah Medical Centre at the site of a new hospital in Kota Kinabalu, Sabah for a sum of RM9 million.

The project was expected to be completed in the next five months, it said.

Meanwhile, BPSCL - which was incorporated in Saudi Arabia - secured the Stormwater pipeline project from the Quarayat City Council, Ministry of Municipal and Rural Affairs of Saudi Arabia for an amount of SAR6.96 million (approximately RM5.73 million).

The company said the project was due for completion in over twenty months.
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