Binastra unit wins RM314mil job in Sabah

PETALING JAYA: Binastra Builders Sdn Bhd, a wholly owned subsidiary of Binastra Corp Bhd, has won a RM313.7mil contract from FYT Land (KK) Sdn Bhd.

The job covers external works, outside site boundary works, piling works and main building works for two towers of apartments numbering 762 units, with a seven-storey car park podium, in Kota Kinabalu, Sabah.

Binastra Corp said the project commenced yesterday and is slated to be completed on July 31, 2027, with the group expecting it to provide an additional income stream over the next four years.

“The contract will have no effect on the issued share capital of Binastra Corp but is expected to contribute positively to the earnings and net assets per share of the group for the financial years ending Jan 31, 2025 (FY25) to FY28,” it said in a filing with Bursa Malaysia.

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