Inta Bina secures RM160.6mil construction contract

Inta Bina managing director Paul Lim Ooi Joo

KUALA LUMPUR: Inta Bina Group Bhd has secured a construction contract worth RM160.6mil from Sunway Artessa Sdn Bhd, a joint venture company of Sunway Bhd.

In a filing with Bursa Malaysia, Inta Bina said its wholly-owned subsidiary, Inta Bina Sdn Bhd (IBSB) had accepted the letter of award from Sunway Artessa for main building works on an apartment located at Setapak, Kuala Lumpur.

The contract involves the construction of a 47-storey apartment (468 units) with 4 levels of underground carpark and a developer unit on the roof top.

The construction will take 33 months to complete from its commencement date.

Inta Bina managing director Paul Lim Ooi Joo said: “With the economy reopening and operating environment being eased, we look forward to a better year and have set an order book replenishment target of RM800mil for 2022.”

“We remain optimistic on our outlook, supported by our ability to replenish the order book. The healthy unbilled order book, currently at RM1.3bil, will provide us with earnings visibility over the next 3 years,” he said in a statement.