RM33m Viet­nam job for Bin­tai Kin­den unit

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: Bin­tai Kin­den Corp Bhd’s sub-sub­sidiary com­pany Bin­tai Kin­denko (Viet­nam) Co Ltd has ac­cepted a let­ter of in­tent from Riverview Co Ltd to un­der­take a 176 bil­lion dong (RM32.56 mil­lion) sub-con­tract for a res­i­den­tial de­vel­op­ment known as Project Shining in Viet­nam.

The sub-con­tract in­volves me­chan­i­cal, elec­tri­cal and plumb­ing works and a fire­fight­ing pack­age. Work is es­ti­mated to be com­pleted in Oc­to­ber 2017.

The project will not have any ef­fect on the is­sued and paid-up share cap­i­tal of the com­pany and is not ex­pected to have any ma­te­rial im­pact on the earn­ings, earn­ings per share, net as­sets per share and gear­ing of the Bin­tai Kin­den group for fi­nan­cial year end­ing March 31, 2017.

How­ever, it is ex­pected to con­trib­ute pos­i­tively to­wards the fu­ture earn­ings of the group.

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