KUALA LUMPUR (Jan 12): BINA PURI HOLDINGS BHD [] shares were up in early trade on Thursday as investors turned positive on the stock on a report that the company was close to securing a possible 28-year highway concession in Pakistan.
At 10.30am, Bina Puri's shares were up seven sen to 97 sen with 2.69 million shares traded.
The Edge Financial Daily reported on Thursday that the Bina Puri was close to securing a 28-year privatisation concession for a highway in Pakistan costing some RM600 million.
It was understood that the group had already received a letter of intent from the National Highway Authority of Pakistan but were still negotiating finer points to the contract.
For more on Bina Puri, read today’s edition of The Edge Financial Daily.
At 10.30am, Bina Puri's shares were up seven sen to 97 sen with 2.69 million shares traded.
The Edge Financial Daily reported on Thursday that the Bina Puri was close to securing a 28-year privatisation concession for a highway in Pakistan costing some RM600 million.
It was understood that the group had already received a letter of intent from the National Highway Authority of Pakistan but were still negotiating finer points to the contract.
For more on Bina Puri, read today’s edition of The Edge Financial Daily.
