Bintai Kinden's shares rise 15.38% after bagging TNB contract
16 Jul 2018 / 11:28 H.
PETALING JAYA: Bintai Kinden’s share price rose 15.38% this morning after it secured a RM50.48 million contract from Tenaga Nasional Bhd (TNB).
At 11.10am, the stock was 15.38% or 2 sen higher at 15 sen with 3.35 million shares traded.
The contract from TNB is to undertake the establishment of a new 132kV GIS switching station in Selangor.
The contract is estimated to be completed within 540 days from the commencement date and is expected to contribute positively towards the group’s future earnings.