Bintai Kinden bags RM20.4m contract for DFTZ works

KUALA LUMPUR (June 4): Bintai Kinden Corp Bhd has bagged a RM20.4 million contract to undertake infrastructure and associated works for the Digital Free Trade Zone (DFTZ) at Kuala Lumpur International Airport, Sepang, Selangor.

In a filing yesterday, the company said its wholly-owned subsidiary Kumpulan Bintai Kindenko Sdn Bhd (KBK) was appointed by Malaysia Airports (Sepang) Sdn Bhd to undertake the job.

It said the contract is non-renewable and estimated to be completed within 10 months of the commencement date.

“The contract will contribute positively to the revenue and earnings of the company for the financial year ending March 31, 2020, and/or is expected to contribute positively to the future earnings and net assets per share of [the] Bintai group during the duration of the contract,” said the company.

Bintai Kinden rose half a sen or 4.55% to close at 11.5 sen yesterday, giving it a market capitalisation of RM33.07 million.

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