KUALA LUMPUR (Oct 16): Bintai Kinden Corp Bhd has won a sub-contract to develop an air traffic surveillance and management system at the Kuala Lumpur International Airport (KLIA) for RM11 million.
In a filing with Bursa Malaysia today, Bintai Kinden said its wholly-owned unit Bintai Kindenko Sdn Bhd received the offer from WZR Property Sdn Bhd to develop the Communication, Navigation, Surveillance/Air Traffic Management (CNS/ATM) System for the Kuala Lumpur Flight Information Region’s New Traffic Control Centre at KLIA.
The contract is non-renewable, with a fixed contract period, Bintai Kinden said. “The sub-contract work is estimated to be completed by November 2018,” the filing added.
Bintai Kinden’s share price closed unchanged at 17.5 sen, with 1.02 million shares traded, giving the group a market capitalisation of RM50.33 million today.