Description: BINA PURI WON HIGH-SPEED RAILWAY BID IN THAILAND The Board of Directors of Bina Puri Holdings Bhd. (“BPHB” or “the Company”) wishes to announce that its wholly owned subsidiary of the Company, Bina Puri Sdn. Bhd. (“BPSB”) through its joint venture company, SPTK Joint Venture Company Limited (“SPTK JV Co. Ltd.”) won a bid for a package from the High-Speed Railway Project to connect regions in Bangkok – Nong Khai Section, (Phase 1 Bangkok - Nakhon Ratchasima Section), Contract No. 3-5 Civil Works for the Khok Kruat-Nakhon Ratchasima Section (“the Contract”).
The Contract value is THB7,750,000,000.00 (equivalent RM1.036 billion).
A total of 26 projects with approximate value of RM2.0 billion have been completed by Bina Puri in Thailand since 2003.
The Contract will have no material effect on the share capital and substantial shareholders’ shareholding of BPHB.
The Contract is expected to contribute positively to the earnings and net assets of the BPHB Group. With the latest award mentioned above, the Group's unbuilt book order stands at RM1.9 billion as at to date.
None of the Directors and Substantial Shareholders, persons connected to the Directors or Substantial Shareholders of the Company and its subsidiaries or persons connected thereto have any interest, direct or indirect in the Contract.
The Directors of the Company are of the opinion that the Contract is in the best interest of the Group.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3896 views | 4 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
PakMan
429 posts
Posted by PakMan > 2020-10-07 22:10 | Report Abuse
tomorrow fly babeh..atleast 50%