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- Bina Puri said the subsidiary is seeking legal and tax advice and will “take all necessary steps to oppose and defend against the petition”.
KUALA LUMPUR (Dec 3): Bina Puri Holdings Bhd’s (KL:BPURI) has received its sixth winding-up petition this year, after the Inland Revenue Board (IRB) filed action against its wholly owned unit BPI (WM) Sdn Bhd for allegedly failing to pay outstanding taxes.
BPI received the winding-up petition on Tuesday, involving a tax sum of RM310,653.31, according to the group in a filing with Bursa Malaysia.
Bina Puri said the subsidiary is seeking legal and tax advice and will “take all necessary steps to oppose and defend against the petition”.
The hearing for the petition has been fixed for Feb 12 next year.
The group said BPI is not a major subsidiary under Bursa Malaysia rules and stressed that the petition will not have any immediate financial or operational impact on the group, nor is it expected to cause any losses.
This is the sixth winding-up petition faced by Bina Puri and its subsidiaries in 2025, and the third filed by the IRB.
In July, two other wholly owned units—Bina Puri Properties Sdn Bhd and Bina Puri Sdn Bhd—received winding-up petitions from the IRB over unpaid taxes of RM849,499 and RM4.2 million respectively.
In May, Bina Puri Sdn Bhd also faced a winding-up petition by Fujifilm Business Innovation Asia Pacific Pte Ltd over RM309,129 in alleged outstanding debt.
Bina Puri Holdings itself was hit with a RM30 million petition from Wisma Majujaya Sdn Bhd in April following a summary judgement linked to a disputed Johor Bahru joint venture.
The group has contested that claim, calling the agreement unenforceable and akin to unlicensed money-lending.
In February, the company received a winding-up petition from Export-Import Bank of Malaysia Bhd over unpaid sums totalling US$4.9 million (RM21.75 million) and RM17,253. At the time, the group said it was in negotiations to resolve the matter amicably.
In August, Bank Negara Malaysia’s Corporate Debt Restructuring Committee approved Bina Puri’s application for assistance to mediate between the company and its lenders.
For the 15-month period ended Sept 30, 2025, the company made a net profit of RM3.1 million on revenue of RM333.7 million.
Shares of Bina Puri closed up half a sen or 1.69% at 30 sen on Wednesday, valuing the group at RM267.87 million. The counter is up 11.11% year to date.
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