KUALA LUMPUR: Binastra Corp Bhd
has secured a RM268mil construction contract from TNJ Development Sdn Bhd for the proposed development of a 45-storey suite apartment block.
In a filing with Bursa Malayisa, Binastra said its wholly-owned subsidiary, Binastra Builders Sdn Bhd accepted a letter of award for main building works for the development in Segambut, Kuala Lumpur.
The contract covers the main building works for a proposed 45-storey suite apartment block comprising 1,269 units, along with amenities and recreational facilities, podium parking, and a guardhouse.
The contract will begin on Aug 15, 2025 and is scheduled for completion within 28 months from the start date.
Binastra expects the contract to contribute positively its earnings and net assets per share for the financial years ending Jan 31, 2026 to 2028.
