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Inta Bina bags RM265mil development job
Inta Bina bags RM265mil development job

The Star

time11-08-2025

  • Business
  • The Star

Inta Bina bags RM265mil development job

PETALING JAYA: Inta Bina Group Bhd has accepted a letter of award from GDP Architects Sdn Bhd, on behalf of 368 Segambut Sdn Bhd and a joint venture between IJM Land Bhd and FCW Holdings Bhd , for main building works worth RM264.5mil. In a filing with Bursa Malaysia, the construction company said the project is for a proposed development of two 40-storey service apartment blocks (comprising 1,143 apartment units). 'The contract period shall be for a period of 38 months from the date of commencement on Aug 18, 2025, and overall completion date shall be on Oct 17, 2028,' said Inta Bina. Barring any unforeseen circumstances, the company said the contract is expected to contribute positively towards the future earnings of Inta Bina for the duration of the contract. 'The group intends to fund the contract via internally generated funds and/or external borrowings. There are no foreseeable significant risks other than operational risk associated with the contract during the construction period,' it said. For its first quarter ended March 31, 2025, Inta Bina's net profit rose to RM10mil from RM7.05mil in the previous corresponding quarter while revenue grew to RM194.6mil from RM156mil a year earlier. PETALING JAYA: Inta Bina Group Bhd has accepted a letter of award from GDP Architects Sdn Bhd, on behalf of 368 Segambut Sdn Bhd and a joint venture between IJM Land Bhd and FCW Holdings Bhd, for main building works worth RM264.5mil. In a filing with Bursa Malaysia, the construction company said the project is for a proposed development of two 40-storey service apartment blocks (comprising 1,143 apartment units). 'The contract period shall be for a period of 38 months from the date of commencement on Aug 18, 2025, and overall completion date shall be on Oct 17, 2028,' said Inta Bina. Barring any unforeseen circumstances, the company said the contract is expected to contribute positively towards the future earnings of Inta Bina for the duration of the contract. 'The group intends to fund the contract via internally generated funds and/or external borrowings. There are no foreseeable significant risks other than operational risk associated with the contract during the construction period,' it said. For its first quarter ended March 31, 2025, Inta Bina's net profit rose to RM10mil from RM7.05mil in the previous corresponding quarter while revenue grew to RM194.6mil from RM156mil a year earlier.

Inta Bina bags RM264.5mil service apartment job
Inta Bina bags RM264.5mil service apartment job

The Star

time11-08-2025

  • Business
  • The Star

Inta Bina bags RM264.5mil service apartment job

PETALING JAYA: Inta Bina Group Bhd has accepted a letter of award from GDP Architects Sdn Bhd, on behalf of 368 Segambut Sdn Bhd and a joint-venture between IJM Land Bhd and FCW Holdings Bhd , for main building works worth RM264.5mil. In a filing with Bursa Malaysia, the construction company said the project is for a proposed development of two 40-storey service apartment blocks (comprising 1,143 apartment units). 'The contract period shall be for a period of 38 months from the date of commencement on Aug 18, 2025 and overall completion date shall be on Oct 17, 2028,' said Inta Bina. Barring any unforeseen circumstances, the company said the contract is expected to contribute positively towards the future earnings of Inta Bina for the duration of the contract. 'The group intends to fund the contract via internally generated funds and/ or external borrowings,' it said. 'There are no foreseeable significant risks other than operational risk associated with the contract during the construction period,' it said.

Inta Bina wins RM264.5m building job in Segambut
Inta Bina wins RM264.5m building job in Segambut

Malaysian Reserve

time11-08-2025

  • Business
  • Malaysian Reserve

Inta Bina wins RM264.5m building job in Segambut

INTA Bina Group Bhd has secured a RM264.5 million contract to undertake main building works for a high-rise serviced apartment development in Segambut, Kuala Lumpur. The job was awarded to its wholly-owned subsidiary, Inta Bina Sdn Bhd, by GDP Architects Sdn Bhd on behalf of 368 Segambut Sdn Bhd, a joint venture between IJM Land Bhd and FCW Holdings Bhd. The project, on Lot 81428 along Jalan Segambut, involves constructing two 40-storey serviced apartment blocks (1,143 units in total), an eight-storey podium with car park, retail and residential units, a one-storey hawker centre, and associated facilities. The contract runs for 38 months from Aug 18, 2025, with completion scheduled for Oct 17, 2028. Inta Bina said the contract will be funded via internally generated funds and/or borrowings, and is expected to contribute positively to earnings over its duration. — TMR

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