Bintai Kinden jumps 12.90% on being appointed MRT2 subcontractor
KUALA LUMPUR (Aug 10): Bintai Kinden Corp Bhd shares jumped 12.90% in early trade this morning after it was appointed subcontractor to undertake works related to the construction of elevated stations for the Mass Rapid Transit 2 (MRT2) project.
It anticipates the contract completing by November 2021.
At 9.l0am, Bintai Kinden rose 2 sen to 17.5 sen with 2.93 million shares done.
The contract, valued at a provisional sum of RM13.3 million, was awarded to its wholly-owned unit Kejuruteraan Bintai Kindenko Sdn Bhd (KBK), by MRCB Builders Sdn Bhd on Aug 8. — theedgemarkets.com
Never miss out
Sign up to get breaking news, unique insights, event invites and more from EdgeProp.
Latest publications
Malaysia's Most
Loved Property App
The only property app you need. More than 200,000 sale/rent listings and daily property news.
