BINTAI KINDEN UNIT WINS RM122M SINGAPORE TRANSPORT CONTRACT

PETALING JAYA: Bintai Kinden Corp Bhd’s 69.82%-owned subsidiary Bintai Kindenko Pte Ltd has clinched a contract worth RM122.1 million (S$39.6 million) from the Land Transport Authority of Singapore to undertake mechanical work for the supply and installation of environmental control system for the four-in-one rail and bus depot in the country. This is a non-renewable construction contract with fixed contract period which is estimated to be completed by 2024, it told Bursa Malaysia yesterday. “No major risk is foreseeable on the contract except for the possibility of long construction period that will overstretch the preliminary costing, but this can be mitigated with close monitoring of status and proper manpower planning,” it added.