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Wednesday, January 19, 2011

Bina Puri wins RM62.8m Thai project

Bina Puri Holdings Bhd''s associate, Bina Puri (Thailand) Ltd (BPTL), has secured a 626 million baht (approximately RM62.76 million) project to undertake structural and architectural works for phase one of Phahonyothin Park condominium in Bangkok, Thailand.

"Thailand remains one of our key markets overseas. To date, we have secured projects exceeding RM1.5 billion in Thailand," said Group Managing Director Tan Sri Tee Hock Seng in a statement today.

He said the awarding of the project proved the company's project and management capabilities in delivering results and its continued acceptance in this region.

"We will continue to strengthen our reputation in Thailand and are confident of clinching more projects there," he added.

The project is a joint venture between BPTL and Dimara (Thailand) Ltd and is expected to be completed in 15 months.

The company said the project would contribute positively to group earnings for the financial year ending Dec 31, 2011.

Inclusive of this project, Bina Puri's outstanding orderbook stands at RM2.5 billion, which will sustain the company's earnings for the next two years.

By Bernama

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