KUALA LUMPUR (June 28): Bintai Kinden Corp Bhd's 69.82%-owned subsidiary in Singapore has won a S$10.4 million (RM32.4 million) government contract to provide integrated facilities management services.
In a filing with Bursa Malaysia today, Bintai Kinden said Bintai Kindenko Pte Ltd will undertake the job, which includes mechanical and engineering work, at the National Development Ministry's offices in Jem Office Tower.
"No major risk is foreseeable on the contract which will be running for a base period of 36 months commencing August 2017 with an option to extend for a further period of up to 24 months thereafter," it said.
Bintai Kanden said the contract is not expected to have any material impact on the group's earnings, earnings per share, net assets per share and gearing for the financial year ending March 31, 2018.
However, the contract is expected to contribute positively towards the group's future earnings, it added.
Bintai Kinden's share price closed down half sen or 2.38% to 20.5 sen for a market capitalisation of RM57.5 million. — theedgemarkets.com
For more stories, download TheEdgeProperty.com pullout here for free.
TOP PICKS BY EDGEPROP
Isle of Botanica, Setia Eco Glades
Cyberjaya, Selangor
Charms of Nusantara, Setia Eco Glades
Cyberjaya, Selangor
Vista Alam Serviced Apartment
Shah Alam, Selangor
Residency Aurora @ Selangor Cyber Valley
Cyberjaya, Selangor
Ilham Residence @ City of Elmina
Shah Alam, Selangor
SkyVille 8
Jalan Klang Lama (Old Klang Road), Kuala Lumpur
Taman Setiawangsa
Taman Setiawangsa, Kuala Lumpur
Taman Setiawangsa
Taman Setiawangsa, Kuala Lumpur