Inta Bina bags RM67.73mil development contract from Gamuda Land for Gamuda Cove

KUALA LUMPUR: Inta Bina Group Bhd's unit, Inta Bina Sdn Bhd, has clinched a total of RM67.73 million development contract from Gamuda Land (T12) Sdn Bhd to undertake the construction project for the Phase 1C-1 at Gamuda Cove.

In an exchange filing today, Ina Bina had, on December 15, 2021, accepted the Letter of Award (LoA) from Gamuda Land for the development comprising 203 units of terrace houses.

It said the construction period would be for 18 months, and the commencement date shall be on December 15, 2021.

"Barring any unforeseen circumstances, the contract is expected to contribute positively towards the future earnings of Inta Bina for the duration of the contract."

The company intends to fund the contract via internally generated funds and external borrowings.