Thursday 29 March 2012

Bintai Kinden shares up 18% on Singapore project

KUALA LUMPUR (March 29) : Shares of Bintai Kinden Corp Bhd rose 18% in morning trade on Thursday following updates that the firm and Samsung C&T Corp had jointly secured $166.24 million (about RM405 million ) worth of projects from Singapore’s Land Transport & Authority.

The jobs include the supply and installation of electrical services apart from tunnel ventilation and environmental control systems.

Bintai Kinden shares added six sen to 40 sen as at 9.29am with some 10 million shares done, putting the stock among the most active entities, and top gainers across the Malaysian bourse.



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