KUALA LUMPUR: Trading in LBS Bina Group Bhd's shares will be suspended today from 9am to 5pm, pending a material announcement.
In a filing with Bursa Malaysia Securities yesterday, the property developer said it had requested the trading suspension, including its structured warrants.
LBS Bina's largest shareholder is its executive chairman Tan Sri Lim Hock San, who holds 39.25 per cent in the company, 36.66 per cent of which he holds indirectly.
The company's shares last traded 2.5 sen or 2.9 per cent higher at 89 sen on June 19, valuing the company at RM1.4 billion.
The counter has gained over 49.6 per cent since early this year.
As at the end of May, LBS Bina had unbilled sales totalling RM1.71 billion, which is expected to be progressively recognised in the coming years.
Year-to-date, the company has launched three projects this year worth RM1.1 billion which are D'Island Residence in Puchong, Alam Perdana Central Hub in Puncak Alam, and Bandar Saujana Putra in Kuala Langat.
The company recorded a net profit of RM30.5 million and its revenue stood at RM342 million in the first quarter ended March 31, 2024.