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Tuesday, July 6, 2010

Bina Puri acquires property unit

Bina Puri Holdings Bhd announced today the acquisition of nine ordinary shares of B$1.00 each in Bina Puri Properties (B) Sdn Bhd, a company incorporated in Brunei.

This represents 90 per cent of the total issued and paid-up share capital of B$10 for cash consideration of B$9.00 (equivalent to RM20.81), Bina Puri Holdings said in a filing to Bursa Malaysia.

Bina Puri Properties Sdn Bhd, an indirect wholly-owned subsidiary of Bina Puri Holdings, has also acquired one ordinary share of B$1.00 in Bina Puri Properties Brunei, representing 10 per cent of the total issued and paid-up capital of B$10 for cash consideration of B$1.00 (equivalent to RM2.31).

On another matter, Bina Puri clarified that it has not received the letter of award for the third package of Malaysia Airports Holdings Bhd's new low-cost carrier terminal (LCCT) worth close to RM1 billion.
"However, we are liaising with Malaysia Airports Holdings. We expect to receive the letter of award soon. We will make the necessary announcement if and when we receive the letter of award," Bina Puri said.

It was clarifying a report, "RM1 billion LCCT on the cards for Bina Puri" in a news publication.

By Bernama

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