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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

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