Bintai Kinden Corporation Berhad (“BKCB” or the “Company”; Bursa: BINTAI, 6998), a mechanical and electrical (“M&E”) engineering services specialist, construction, medical device manufacturer and facilities operator, today announced that its wholly-owned subsidiary, Kejuruteraan Bintai Kindenko Sdn Bhd (“KBK”), has received and accepted a contract valued at RM27.15 million from Pavilion Link Sdn Bhd, a wholly-owned subsidiary of Teladan Group Berhad (Bursa:TELADAN, 0230).
The contract is for the construction and completion of six (6) blocks of shop offices located at Bukit Intan, Seremban. This latest milestone underscores our commitment to excellence in the construction sector and is poised to make a significant positive contribution to the Group’s earnings over the next two financial years.
Under the contract, site possession is scheduled for 26 March 2025, with physical construction work commencing on 9 April 2025. The construction period is set at 15 months, with an expected completion date of 8 July 2026.
Datuk Tay Chor Han, Managing Director cum CEO of BKCB, commented, “We are deeply honored to collaborate with Teladan, a distinguished property developer. This prestigious award significantly strengthens our unbilled order book to RM132.91 million, reinforcing our confidence in achieving the requisite revenue and profitability milestones to qualify for upliftment from our current PN17 status on Bursa.
Following Bursa’s approval of our Regularisation Plan on 15 January 2025 and subsequent approval by our shareholders on 25 February 2025, we have been aggressively pursuing new contract opportunities through tenders in both the Mechanical & Electrical (“M&E”) and Construction sectors.
With these initiatives in place, Bintai Kinden is now strategically positioned to strengthen its financial foundation, diversify its revenue streams, and accelerate the momentum of its recovery. The continued expansion into the construction segment, supported by new project wins, reflects the Company’s commitment to rebuilding its order book and enhancing shareholder value.”
