Bina Puri targets RM1b contracts for 2016


KUALA LUMPUR: Bina Puri Holdings Bhd targets to secure RM1bil of construction jobs in 2016 from the domestic and overseas markets.

Its executive director Matthew Tee said on Wednesday this was based on track record, which provided the company with the confidence of bagging these contracts.

Currently, the construction company has about RM3.4bil of ongoing projects and an outstanding order book of RM1.89bil.

Tee said the company was in the midst of listing its utilities business in Indonesia under PT Megapower Makmur.

“We expect to submit our application in February this year and to list our business on the Indonesia Stock Exchange by June 30 this year,” it said.

Currently, Bina Puri has a total of 28MW capacity of micro diesel generated power plants at eight locations in Indonesia.

Bina Puri shares gained 4 sen to close at 45.5 sen on Wednesday.


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