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 3 September 2025 accepted the Letter of Award (“LOA”) from Sime Darby Property (KL East) Sdn Bhd for Main Building, External and M&E Works (“Contract”) for the total contract sum of RM212,340,000.00 only for the proposed development of:  

Cadangan membina 1 Blok Kondominium yang terdiri daripada Anjung A (233 unit) (30 Tingkat) dan  Anjung B (247 unit) (32 Tingkat) di atas 8 Tingkat Podium yang mengandungi tempat letak kereta (dari Aras bawah tanah 5 hingga Aras 2) dan 2 Tingkat Kemudahan penduduk diatas tanah dan aras 3 serta 1 Tingkat Sub-basement

Di Atas Lot 201058 (Lot Lama PT9761), Jalan Melati Kuarza 1, Off Lingkaran Tengah 2, Mukim Setapak, Wilayah Persekutuan Kuala Lumpur untuk Tetuan Sime Darby Property (KL East) Sdn. Bhd.

The Construction Period shall be for a period of 36 months. The Date of Commencement and Date of Completion as per the LOA shall be on 7 October 2025 and 6 October 2028, respectively.

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 3 September 2025.