Introduction

The Board of Directors of Inta Bina is pleased to announce that Inta Bina Sdn Bhd (“IBSB”), a wholly-owned subsidiary of Inta Bina, had on 28 August 2025 accepted the Letter of Award (“LOA”) from Symphony Hills Sdn Bhd for Main Building Works (“Contract”) for the total contract sum of RM67,785,000.00 only for the proposed development of:  

Cadangan pembangunan kediaman yang mengandungi:

i.  64 unit Rumah Berkembar (36’ X 80’)

ii. 4 unit Rumah Berkembar (37’ X 80’)

Di Atas Lot 108533 dan Lot 108534, Persiaran Simfoni, Symphony Hills, Cyber 9, Cyberjaya, Mukim Dengkil, Daerah Sepang, Selangor Darul Ehsan untuk Tetuan Symphony Hills Sdn. Bhd.

The Completion Period shall be for a period of 20 months from the date of commencement on 29 August 2025 and overall completion date shall be on 28 April 2027.

Risk Factors

There are no foreseeable significant risks other than operational risk associated with the Contract during the Construction Period.

Financial Effects

The Contract will not have any effect on the share capital and substantial shareholders’ shareholdings of Inta Bina.

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 Group intends to fund the Contract via internally generated funds and/ or external borrowings.

Directors’ and Substantial Shareholders’ Interest

None of the Directors or Substantial Shareholders of Inta Bina or persons connected to them has any interest, direct or indirect, in the Contract.

Directors’ Statement

The Board of Directors of Inta Bina, after due consideration, is of the opinion that the Contract is in the best interest of the group. The Contract is being entered into in the ordinary course of business and is not subject to the approval of shareholders.

This announcement is dated 28 August 2025.