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Bina Puri: Sources Were Spot On!

Tuesday, July 29, 2008

Amazing!

Truly amazing.

The sources speculation on the news that Bina Puri will win a contract from MRCB were spot on!
Bina Puri - The Sources Strikes Yet Again!

Bina Puri just made the following announcement.

  • Bina Puri Construction Sdn. Bhd., a wholly-owned subsidiary of Bina Puri Holdings Bhd. has received a letter of award from MRCB Engineering Sdn. Bhd. to undertake the subcontract works for the proposed Eastern Dispersal Link (EDL) Johor Bahru, Johor - design, construct and complete main line bridge, Ramp A, Ramp B, Ramp C and Ramp D at a contract sum of RM293 million. The project is expected to be completed within thirty-three months. With this new award, the current book order of the Group stands at about RM2.0 billion, which will sustain the Group until 2011.

    Please note that no directors, substantial shareholders and/or persons connected with them have any interests, direct or indirect, in the above transaction.

Well...

Since the sources were spot on, isn't this INSIDER info?

Why and how were the insider info leaked to the press?

Surely this is not legal, is it?

Did anyone profit from this news leakage directly?

How?

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