corporate

Bintai Kinden bags RM61.2mil contract in Melaka

KUALA LUMPUR: Bintai Kinden Corp Bhd says its wholly-owned Kejuruteraan Bintai Kindenko Sdn Bhd has been awarded a RM61.2 million contract by N&T Asset Sdn. Bhd to build a housing project in Jasin, Melaka. 

The contract strengthens Bintai Kinden's portfolio in the construction sector and is expected to contribute to its earnings over the next four financial years.

KBK will serve as the main contractor for the entire project scope, including underpinning, structural, mechanical and electrical works, as well as infrastructure development on a design-and-build basis. 

The project will involve the construction of 30 single-storey semi-detached houses, 90 single-storey cluster semi-detached houses, and 136 single-storey terraces.

It also includes the development of sic single-storey bungalow houses and 13 single-storey shop lot units, alongside critical infrastructure, including two substations, a centralised sewerage treatment plant, and an elevated water tank complete with a suction tank and pump house.

The project is scheduled for handover on or before Nov 4 2027.

Bintai Kinden managing director Datuk Tay Chor Han said the project is a testament to its expertise and capability in delivering large-scale, multifaceted construction projects. 

"This award not only enhances our project portfolio but also strengthens our revenue stream over the coming financial years, aligning with our growth strategy."

Recently, Bintai Kinden secured a commitment from Universiti Islam Melaka Bhd to repay RM13.5 million to its subsidiary Optimal Property Management Sdn Bhd, under a structured extended interim settlement proposal.

Bintai Kinden said the revenue generated from the latest project will provide critical support for its regularisation plan, advancing the its efforts to stabilise its financial foundation and work toward a potential upliftment from Practice Note 17 status.

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