Thursday 28 Mar 2024
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This article first appeared in The Edge Financial Daily on September 25, 2018

KUALA LUMPUR: Bintai Kinden Corp Bhd has bagged a RM14.03 million contract from Tenaga Nasional Bhd to set up a 132kV gas insulated switchgear switching station at Kuchai Lama here.

The group’s wholly-owned subsidiary Kejuruteraan Bintai Kindenko Sdn Bhd accepted the award, the group said in a Bursa Malaysia filing yesterday. It said the contract is non-renewable and estimated to be completed within 710 days from the commencement date.

Bintai said the contract will contribute positively to its revenue and earnings for the financial year ending March 31, 2019, and to its future earnings and net assets per share.

Bintai shares closed unchanged at 15 sen yesterday, with a market capitalisation of RM43.14 million.

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