OTHERS Bintai Kinden Corporation Berhad (BINTAI or Company) – Letter of Award to Bintai Kindenko Pte Ltd
|BINTAI KINDEN CORPORATION BERHAD|
Bintai Kinden Corporation Berhad (BINTAI or Company) - Letter of Award to Bintai Kindenko Pte Ltd
The Board of Directors of BINTAI is pleased to announce that Bintai Kindenko Pte Ltd., a 69.82% subsidiary of the Company has on 17 March 2016, accepted a Letter of Award from W’Ray Construction Pte Ltd to undertake a Sub-Contract for the supply, delivery, installation, completion and maintenance of Air-Conditioning and Mechanical Ventilation (“ACMV”) and Electrical System for the “Proposed Additions and Alterations to Existing 4-Storey Commercial Development (Northpoint Shopping Centre) involving New Linkages from Adjacent Development at Yishun Ave 2 / Yishun Central 1” (“Project”) in Singapore.
The Contract Sum of the Project is S$10,500,000.00 (Singapore Dollar Ten Million and Five Hundred Thousand) or equivalent to approximately RM31,418,100 (Ringgit Malaysia Thirty One Million Four Hundred Eighteen Thousand and One Hundred) based on the exchange rate of S$1:00 : RM2.9922 as of todate.
The Project is estimated to be completed by 31 July 2017.
This 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 Group for financial year ending 31 March 2016. However, it is expected to contribute positively towards the future earnings of BINTAI Group.
None of the Directors and/or major shareholders of BINTAI or persons connected with them have any interests, direct or indirect, in the Project.
This announcement is dated 17 March 2016.
|Company Name||BINTAI KINDEN CORPORATION BERHAD|
|Date Announced||17 Mar 2016|
|Category||General Announcement for PLC|