Hot Stock Bina Puri up 1.28% on RM73m Petronas job
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Hot Stock Bina Puri up 1.28% on RM73m Petronas job
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[size=28]Bina Puri up 1.28% on RM73m Petronas job
By Surin Murugiah / theedgemarkets.com | June 21, 2016 : 9:37 AM MYTKUALA LUMPUR (June 21): Shares of contractor cum property developer Bina Puri Holdings Bhd rose 1.28% this morning after the company clinched a RM73 million contract to undertake pipe sleeper and underground work for Petroliam Nasional Bhd's (Petronas) refinery and petrochemical integrated development (Rapid) project.
At 9.11am, Bina Puri added half a sen to 39.5 sen with 285,100 shares done.
Bina Puri’s 100%-owned subsidiary, Bina Puri Sdn Bhd, accepted the letter of award from Punj Lloyd Sdn Bhd. Bina Puri said the contract involved package-22 of Petronas' Rapid project in Pengerang, Johor.
The group said the works will be completed within 18 months. With the latest award, its unbuilt book order stands at RM1.62 billion.
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