Bintai Kinden Wins RM14.2 Million Project from TNB ACN Newswire

Bintai Kinden Wins RM14.2 Million Project from TNB

February 10, 2023
PETALING JAYA, Malaysia, Feb 10, 2023 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Bhd (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that the Company's wholly-owned subsidiary, Kejuruteraan Bintai Kindenko Sdn Bhd (KBK), has been awarded a project worth RM14.2 million by Tenaga Nasional Berhad (TNB) for the installation of two 132kV transformer bays air insulated switchgear complete with the relevant primary, secondary, cables and all associated civil works located in Pasir Besar, Negeri Sembilan.Executive Director of Bintai Kinden, En. Azri AzeraiThe project's scope of work also includes a 33kV building, two 300kVA 33/0.415kV local transformers, 33kV GIS single busbar (eight outgoing, two incomer, two local transformers and two bus-ties), 33kV CRP, 33kV RTU, 33kV SIP and 33kV MPE, neutral earthing system, earthing system extension, lightning protection system, associated secondary works (protection & telecontrol) and, associated underground cable works for power transformer, local transformer and bus-tie.KBK, a specialist in M&E engineering services, was also awarded a project worth RM39.0 million by TNB for the installation of a 132kV underground cable double circuit in late November 2022.Azri Azerai, Executive Director of Bintai Kinden said, "We are happy to work with TNB as both parties have a working relationship and track record going back some years. The award of the contract is also testament to our expertise and experience in M&E engineering services including design, installation and commissioning."Bintai Kinden has in recent years been growing our range of expertise through investments and acquisitions that leverage on our strengths and market network. The Company has mid-to-long-term plans to transform to a multidisciplinary M&E engineering services specialist that also include strategic partnerships like the one we recently inked with Sarawak Consolidated Industries Berhad."Past TNB projects in which Bintai Kinden has been involved in include the 132kV Kuchai Lama switching station, 132kV MRT Bukit Serdang switching station, 132kV single-circuit underground cable from PMU Galloway to PMU KLCC2 and, 132kV bulk supply connection to KTMB Sentul feeder station. Total unbilled order book under M&E segment of Bintai Kinden is RM143.41 million.Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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SCIB and Bintai Kinden in Strategic Alliance ACN Newswire

SCIB and Bintai Kinden in Strategic Alliance

February 7, 2023
KUALA LUMPUR, Feb 7, 2023 - (ACN Newswire via SEAPRWire.com) - Civil engineering specialist Sarawak Consolidated Industries Berhad (SCIB) today announced that the Company had on 6 February 2023 signed a Memorandum of Understanding (MoU) with Bintai Kinden Corporation Berhad to establish a strategic alliance for exploring of business opportunities, securing of new projects and sharing of profits.Group Managing Director of SCIB, Encik Rosland bin OthmanExecutive Director of SCIB, Mr. Ku Chong HongExecutive Director of Bintai Kinden, En. Azri AzeraiThe MoU is a preliminary step the parties are taking as they explore a working relationship and cooperation to combine skills, expertise, capabilities, experience and collectively bid for projects in Malaysia and to set out the principal terms of the arrangement between the parties.The JV vehicle to be used is SCIB's wholly-owned subsidiary, SCIB Infraworks Sdn. Bhd in which SCIB will retain a 51% stake in the JV while Bintai Kinden will subscribe to the remaining 49%. Bintai Kinden is a mechanical and electrical ("M&E") engineering services specialist listed on the Main Market of Bursa Malaysia, with unique combination of extensive regional experience and local knowledge.Group Managing Director of SCIB, Encik Rosland bin Othman said, "We welcome this strategic alliance with Bintai Kinden as both parties can leverage each other's strengths and expertise that add value to any projects we are involved in together. SCIB's manufacturing arm, the leading precast concrete and Industrialised Building System products manufacturer in East Malaysia, is already supporting our construction arm in projects throughout the country.""Our focus on small-to-mid-sized construction healthcare, educational and utility facilities as well as rural infrastructure projects together with investment in technology such as 3D printing and automation are also strengths that we can leverage on for the future JV projects."Executive Director of SCIB, Mr. Ku Chong Hong said, "This JV brings together two teams with core expertise and knowledge in construction and engineering that will give an edge to projects undertaken together. We expect to see more infrastructure projects in the pipeline as Malaysia's construction sector gains momentum on the back of economic growth."Executive Director of Bintai Kinden, En. Azri Azerai said, "We look forward to a fruitful partnership with SCIB as we seek opportunities together across the country. Bintai Kinden's core expertise is M&E services, and as a multi-disciplined building and industrial service engineers and specialists, we work in all the major market sectors, from commercial buildings to industrial complexes. We design, install and commission systems that include the full range of engineering services which we believe can complement the JV."Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/Sarawak Consolidated Industries Bhd: 9237 [BURSA: SCIB], http://scib.com.my Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Redesignates Ku Chong Hong as Group Managing Director ACN Newswire

Bintai Kinden Redesignates Ku Chong Hong as Group Managing Director

January 20, 2023
PETALING JAYA, Malaysia, Jan 20, 2023 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is redesignating Mr. Ku Chong Hong to Group Managing Director from Executive Director effective 18 January 2023.Executive Director of Bintai Kinden, En. Azri AzeraiGroup Managing Director of Bintai Kinden, Mr. Ku Chong HongMr. Ku was appointed to the Board of Directors as an Executive Director on 24 February 2022. He joined Bintai Kinden as Group Accountant in June 2019 and was subsequently redesignated Head of Finance and Accounts on 17 September 2019 and then Chief Financial Officer on 12 October 2020. He is a member of the Executive Management Committee of the Company. Besides Bintai Kinden, he is also an Executive Director at Sarawak Consolidated Industries Berhad and an Independent Non-Executive Director of Malaysian Genomics Resources Berhad.Mr. Ku worked for several audit firms before joining Grant Thornton Malaysia as an audit senior manager in 2017. He has over eight years as an auditor with exposure to audit and assurance as well as business advisory in a broad spectrum of industries such as property development, construction, manufacturing, trading, poultry, agriculture, aquaculture, service provider, trading of software and real estate. He is also a member of the Malaysian Institute of Accountants."I would like to thank the Board for this appointment. I am excited for Bintai and will do my best to bring the Company to the next level. The Company will continue to focus on our core business in mechanical & electrical engineering segment and endeavour to secure more opportunities and recurring projects in Malaysia which are able to contribute positively to the future earnings of the Group," said Ku.En. Azri Azerai, Executive Director of Bintai Kinden said, "The Board of Directors and I congratulate him and are looking forward to working even closer with him. His redesignation reflects a changing of the guard and a younger generation helming the business operations. On a more personal note, having a young and dynamic team enables the Company to adapt to trends in the corporate world and technology while coming out with solutions that are outside of the box.""As an ex-Grant Thornton auditor, we have every confidence that with his industry knowledge and experience, he will be able to guide Bintai Kinden to greater success. His familiarity with the business operations will also be of great help as the Company leverages on its strengths as a M&E engineering services specialist to expand in Malaysia and the region."Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Expands Further into O&G ACN Newswire

Bintai Kinden Expands Further into O&G

January 3, 2023
PETALING JAYA, Malaysia, Jan 3, 2023 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that the Company's 51%-owned sub-subsidiary, Bintai Energy Sdn Bhd ("BESB"), has been awarded a series of subcontracts by Petro Flanges & Fittings Sdn Bhd (PFF) and various customers recommended by PFF, involving the supply of high-grade carbon steel/stainless steel piping, valves and piping accessories to various oil and gas (O&G) businesses valued at RM4.0 million.Executive Director of Bintai Kinden, En. Azri AzeraiThe value of accumulated subcontracts secured through PFF in which BESB is the identified special purpose vehicle for the supply of materials to the O&G industry is now RM12.9 million. PFF is a supplier of pipes, flanges, fittings, valves and other O&G-related equipment.In a separate announcement, the Company is also pleased to note that BESB has received approved licenses as dealers of instrumentation cables and general cables in relation to power and control from Petronas. The licenses are effective from 11 August 2022 to 10 August 2025.Bintai Kinden also announced that BESB is partnering Puncak Logam Sdn Bhd (PLSB), whose principal business is the trading and marketing of goods, to ensure faster delivery time of products to clients through storing its products, which includes pipe, fittings, flanges, gaskets, stud bolts and structure materials and any other goods in PLSB's facility while enabling PLSB to source for purchasers in Malaysia for these products.En. Azri Azerai, Executive Director of Bintai Kinden said, "The latest award of subcontracts to BESB is part of the partnerships and tie-ups we are pursuing to grow our O&G-related business. This includes seeking opportunities and partnerships with companies that share the same vision as Bintai Kinden, in Southeast Asia. We are now expanding into Indonesia through a local partner in the country. We are also delighted with the award of the licenses by Petronas enabling us to supply products and services to O&G businesses in Malaysia. This will certainly be a boost to our O&G arm."En. Nuraiman bin Shaiful Annuar, Director of Bintai Energy said, "The partnership with PLSB is strategic to the growth of our O&G-related business because we believe logistics will be important in the supply-chain. It will ensure that products get to clients faster and also at the same time, PLSB will help us to market the products in Malaysia."En. Amli Mohamed Amin, Managing Director of PLSB said, "Our partnership with BESB ensures that there are always an inventory of O&G products on-hand that can be shipped out to clients. Given the uncertainties related to the global supply chain, our facility offers a stock of ready supply while at the same time, we can help market these products through our network of clients."Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Awarded RM39 Million Project from TNB ACN Newswire

Bintai Kinden Awarded RM39 Million Project from TNB

November 25, 2022
PETALING JAYA, Malaysia, Nov 25, 2022 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that the Company's wholly-owned subsidiary, Kejuruteraan Bintai Kindenko Sdn Bhd (KBK), has been awarded a project worth RM39.0 million for the installation of a 132kV underground cable double circuit from Tenaga Nasional Berhad (TNB).En. Azri Azerai, Executive Director of Bintai KindenThe project's scope of work involves installing a new 132kV XLPE cable system from the PMU Financial Centre to the GDS Data Centre Substation located in Nusajaya, Johor. The new XLPE cable comprises two circuits, and three phases, with one cable of 1600mm2 copper per phase.KBK, a specialist in M&E engineering services, has 319 days from commencement to complete the project.En. Azri Azerai, Executive Director of Bintai Kinden said, "The Company continues to make progress in seeking more projects leveraging on its expertise and experience in M&E engineering services including design, installation and commissioning. This latest project award from TNB reflects the opportunities stemming from the growth momentum in the economy.""We are also committed to growing our range of expertise and are constantly looking to diversify as we transform to become a conglomerate through investing in unique and niche businesses with huge earnings accretive potential."Past TNB projects in which Bintai Kinden has been involved in include the 132kV Kuchai Lama switching station, 132kV MRT Bukit Serdang switching station, 132kV single-circuit underground cable from PMU Galloway to PMU KLCC2 and, 132kV bulk supply connection to KTMB Sentul feeder station.Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Revenue Increased 136% in 2Q FY2023 ACN Newswire

Bintai Kinden Revenue Increased 136% in 2Q FY2023

November 24, 2022
PETALING JAYA, Malaysia, Nov 24, 2022 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, today announced that the Company registered a 136.6% increase in revenue to RM40.56 million for the second quarter ended 30 September 2022 (2Q FY2023) compared with RM17.14 million in 2Q FY2022 mainly due to higher contribution from M&E projects recovering from the negative impact of the COVID-19 pandemic.Executive Director of Bintai Kinden, Azri AzeraiFor the quarter under review, the Company's profit before tax (PBT) recorded a decline to RM193,000 compared with RM244,000 in 2Q FY2022 mainly due to higher cost. Gross profit margin for 2Q FY2023 stood at 15.35% compared with 43.06% in 2Q FY2022 after taking into account contribution by variation order of completed projects of the M&E business.Bintai Kinden registered a 142.94% rise in revenue of RM71.44 million for the six months ended 30 September 2022 (1H FY2023) compared with RM29.41 million in the corresponding period of the previous financial year. PBT for 1H FY2023 declined to RM1.16 million compared with RM1.50 million reported in 1H FY2022.En. Azri Azerai, Executive Director of Bintai Kinden said, "We consider the continuing growth in economic activities following two years of lockdowns as a positive sign for more opportunities in M&E engineering services in Malaysia and Southeast Asia where our focus remains. The growth in revenue in the quarter under review is proof of the continuing recovery which we do not take for granted as we assess the risks and opportunities to grow as an investment conglomerate by taking stakes in unique and niche businesses with huge potential.""We are actively looking for more earnings accretive acquisitions. We are diversifying into the provision of telecommunication services to healthcare centres through a strategic venture under our indirect subsidiary, Johnson Medical International Sdn Bhd (JMI) that we announced earlier in November. We are also leveraging on JMI's healthcare solutions and medical support systems expertise to explore the Middle East, which is a growing market. Through our 51%-owned Bintai Energy Sdn. Bhd., we are in a partnership distributing flanges and other related piping products in Indonesia for oil and gas (O&G) projects."Bintai Kinden's total orderbook is RM109.92 million, with RM102.43 million from M&E projects and RM7.49 million from O&G projects.Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Ventures into Telco through Agreement with MN Permai Netcom ACN Newswire

Bintai Kinden Ventures into Telco through Agreement with MN Permai Netcom

November 10, 2022
PETALING JAYA, Malaysia, Nov 10, 2022 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, today announced that the Company's wholly-owned sub-subsidiary, Johnson Medical International Sdn. Bhd. (JMI), has formalised a strategic venture with MN Permai Netcom Sdn. Bhd. (MNP) for the sales, marketing and installation of telecommunication services to healthcare centres and other medical sites governed by the Ministry of Health of Malaysia (MOH) under JMI's portfolio.Azri Azerai, Executive Director of Bintai KindenJMI is specialised in healthcare solutions and medical support systems while MNP is an end-to-end telecommunications solutions provider covering smart fiber-to-the-home, smart cloud solutions, broadband, 3G as well as 4G/5G offload, smart poles and business cloud solutions, among others.Under the agreement, JMI will market telecommunication services to the MOH or any private hospital provided by MNP, which will be involved in sales as well as the installation of the services.Services provided by MNP include managing the backhaul network; supplying and installing access network equipment; interconnection with third parties; designing the interconnection and backhaul network infrastructure; designing infrastructure access network; maintaining the access network; supplying and installing technical-based on-site requirements and; providing maintenance services.Azri Azerai, Executive Director of Bintai Kinden (Download) Azri Azerai, Executive Director of Bintai Kinden said, "This agreement leverages on the strengths of both parties. JMI has a network of hospital contacts with a solid presence in Malaysia and understand the needs of hospitals and people who work in them. We listen to our customers and want to provide them with services or products that solves their problems or fulfil their needs. The telecommunications services offered by MNP enables faster data transfer speed as well as application performance, faster streaming of videos, reduces buffering, increases data transfer capability and enables interactivity."Malik Faizal Bakar, Managing Director of MNP said, "We look forward to working with JMI to provide telecommunications infrastructure and services to hospitals. Ever since our establishment in 2014, we have expanded to become a provider of comprehensive services ranging from planning, building, operating and optimising networks including inside plant solutions, outside plant solutions and technical support. We also have the expertise in managing large telco infrastructure projects as we were awarded a 120-km fiber optic project in Penang."Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Shareholders Approves All Resolutions at 28th AGM ACN Newswire

Bintai Kinden Shareholders Approves All Resolutions at 28th AGM

September 15, 2022
PETALING JAYA, Malaysia, Sep 15, 2022 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that shareholders have approved all resolutions at the 28th Annual General Meeting (AGM) of the Company held today on a virtual platform.Azri Azerai, Executive Director of Bintai KindenShareholders passed the resolution to receive the audited financial statements for the financial year ended 31 March 2022 (FY2022) as well as to re-elect Ooi Jit Huat and Mohd Shakir Shahimi, the directors who were retiring in accordance with Clause 8 of the Company's constitution. Directors retiring in accordance with Clause 113 of the Company's constitution, Mohd Idzwan Izuddin Datuk Ab Rahman and Ku Chong Hong, who, being eligible, had offered themselves for re-election, were also re-elected.The resolution to allow the board of directors the authority to allot and issue shares that does not exceed 10% of the total issued shares of the Company at the time of the issue to be in force up to the conclusion of the next AGM was also approved by shareholders. In addition, shareholders also waived statutory pre-emptive rights to be offered Bintai Kinden shares ranking equally to existing issued shares in accordance with Section 85 of the Companies Act, 2016 and with Clause 52 of the Company's constitution.Messrs. HLB Ler Lum Chew PLT was also appointed as the auditors of Bintai Kinden and shareholders authorised the directors to fix their remuneration. Other resolutions passed included the payment of directors' fee amounting to RM108,000 for FY2022 and approving directors' other benefits payable up to an amount of RM10,000 from 16 September 2022 to the next AGM of the Company.Azri Azerai, Executive Director of Bintai Kinden said, "We would like to thank shareholders for their continued support and confidence in us. We will endeavour to ensure that their interests as well as the interest of other stakeholders are safeguarded as we work to grow the business.""While the global economic outlook is increasingly challenging, we will continue to leverage on our core M&E engineering expertise to seek opportunities in Malaysia and around the region. We have in recent months also explored the Middle East market, a region with a lot of potential given the growing population and expanding economic activities."At the AGM, shareholders also voiced their concerns over arrears totalling RM42.0 million owed by Kolej Teknologi Islam Melaka Berhad (KTIMB) to Bintai Kinden's wholly-owned subsidiary, Optimal Property Management Sdn Bhd (OPM) for the construction and operation of the student accommodation at Kolej Universiti Islam Melaka (KUIM), now known as Universiti Melaka (UNIMEL).OPM completed the construction of the UNIMEL student accommodation in 2019. KTIMB had awarded a 25-year concession in 2016 to OPM to construct and operate the student accommodation at the then KUIM but to-date, OPM has received only a portion of the concession fees for operating the student accommodation and has been forced to use its own funds.Bintai Kinden's orderbook covering M&E and oil and gas (O&G) projects currently total RM120.43 million. The Company was recently granted approval for a license by Petroliam Nasional Berhad (Petronas) under the Standardised Work and Equipment Categories Code, to bid for O&G projects that come under Petronas.About Bintai Kinden Corporation BerhadBintai Kinden Corporation Berhad is a multidisciplinary building and industrial service engineering outfit founded in 1973. The Company has designed, installed and commissioned systems that include the full range of engineering services for commercial buildings to industrial complexes. Headquartered in Malaysia, Bintai Kinden has worked on projects in Southeast Asia, China and the Gulf region of the Middle East. For more information, visit bintai.com.my.Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Posts 152% Rise in Revenue for 1Q ACN Newswire

Bintai Kinden Posts 152% Rise in Revenue for 1Q

August 26, 2022
PETALING JAYA, Malaysia, Aug 26, 2022 - (ACN Newswire via SEAPRWire.com) - Mechanical and electrical (M&E) engineering services specialist Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998) today announced that the Company registered a 152.0% increase in revenue to RM30.88 million for the first quarter ended 30 June 2022 (1Q FY2023) compared with RM12.26 million in the corresponding quarter of the previous financial year (1Q FY2022) mainly due to higher contribution from M&E engineering business.En. Azri Azerai, Executive Director of Bintai KindenBintai Kinden reported a profit after tax (PAT) of RM968,000 for the quarter under review, which is 23.0% lower than the PAT of RM1.25 million recorded in 1Q FY2022 as gross profit margin decreased to 16.45% from 30.0% after taking into account variation orders from completed M&E projects.The Company's M&E engineering business contributed RM26.43 million for 1Q FY2023, which is an increase of 203.72% compared with RM8.7 million in 1Q FY2022. The concession business brought in RM3.6 million, a marginal increase compared with RM3.55 million. Bintai Kinden operates the entire in-campus accommodation for Universiti Melaka as part of a 25-year concession from Kolej Teknologi Islam Melaka Berhad (KTIMB). As of 31 March 2022, KTIMB owes Bintai Kinden an outstanding sum of RM30.18 million from the concession.En. Azri Azerai, Executive Director of Bintai Kinden said, "We will continue to leverage on our core M&E engineering specialisation to seek opportunities in Malaysia and around the region. The surge in economic activities following the previous two years of intermittent lockdowns due to COVID-19 will definitely have positive spillover effects.""Through our indirect subsidiary, Johnson Medical International Sdn Bhd, we have a niche as a turnkey solutions provider of mobile, modular and offsite engineered healthcare infrastructure that we intend to expand and in which our M&E engineering services can also benefit. Through our 51%-owned subsidiary, Bintai Energy Sdn Bhd, we have been busy exploring opportunities to distribute flanges and other related piping products, the latest of which is a business collaboration agreement with PT Raintech Indo Energi."Bintai Energy has also recently been granted approval for a license by Petroliam Nasional Berhad under the Standardised Work and Equipment Categories Code, to bid for oil and gas (O&G) projects that come under Petronas. Bintai Kinden's orderbook covering M&E as well as O&G projects total RM120.43 million.Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Appointed by South Korean Company to Market Piping and Fitting Products ACN Newswire

Bintai Kinden Appointed by South Korean Company to Market Piping and Fitting Products

August 16, 2022
PETALING JAYA, Malaysia, Aug 16, 2022 - (ACN Newswire via SEAPRWire.com) - Mechanical and electrical (M&E) engineering services specialist Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998) is pleased to announce that Bintai Energy Sdn Bhd has been appointed by World Standard Materials Co. Ltd. (WSM) to sell and market flanges, plates, tubes, pipe, coils and fittings for the chemical and petrochemical industries.En. Azri Azerai, Executive Director of Bintai KindenBintai Energy is 51% owned by Bintai Kinden through its wholly-owned subsidiary, Kejuruteraan Bintai Kindenko Sdn Bhd. WSM was founded in 1999 in Busan, South Korea. The company is involved in manufacturing and trading of industrial steel products. The company supplies to various industries internationally, including oil and Gas, power generation, shipbuilding, chemical and petrochemical industries.As part of the appointment, WSM will work with Bintai Energy to seek opportunities as well as provide the necessary technical and competitive price support of the products while Bintai Energy will be responsible for the promotion of WSM's products. The collaboration is for a period of three years.En. Azri Azerai, Executive Director of Bintai Kinden said, "The collaboration with WSM enables us to widen our product offerings to the chemical and petrochemical industries important for their role in the value-chain of other industries such as plastics and automotives as they supply the raw materials.""We are delighted to have the opportunity to work with WSM, whose research and development efforts have been rewarded with quality flanges, pipes and fittings that are used in the chemical and petrochemical industries. We look forward to working together to grow the market for WSM's products in Malaysia."Mr. Ahn Byung Hwan, President of WSM said, "We are looking forward to working with Bintai Energy to bring our products to the Malaysian market. We believe that together, both parties will be able to make inroads into the chemical and petrochemical industries."Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden to Market O&G Equipment in Indonesia ACN Newswire

Bintai Kinden to Market O&G Equipment in Indonesia

August 10, 2022
PETALING JAYA, Malaysia, Aug 10, 2022 - (ACN Newswire via SEAPRWire.com) - Mechanical and electrical (M&E) engineering services specialist Bintai Kinden Corporation Berhad's (Bursa: BINTAI, 6998) sub-subsidiary, Bintai Energy Sdn. Bhd., has entered into a business collaboration agreement with PT Raintech Indo Energi (PTRIE) in which PTRIE has been appointed to market and promote flanges, fittings, pipes and other oil and gas (O&G) equipment on behalf of Bintai Energy in Indonesia.Azri Azerai, Executive Director of Bintai KindenBintai Kinden owns a 51% stake in Bintai Energy through Kejuruteraan Bintai Kindenko Sdn Bhd, an M&E engineering services specialist. PTRIE provides integrated solutions with a focus on the upstream, midstream and downstream O&G industry as well as the marine, industrial, aviation, water and waste water, food and beverage and, healthcare industries.Under the agreement, which is valid for three years, Bintai Energy will collaborate and work together with PTRIE to promote business opportunities and provide the necessary technical and competitive price support on the products to be represented by PTRIE, which will be responsible for the promotion of the products in Indonesia and advise Bintai Energy on market-related information on these products.En. Azri Azerai, Executive Director of Bintai Kinden said, "The collaboration with PTRIE opens up vast opportunities for us as Indonesia is Southeast Asia's largest economy with a GDP of US$1.19 trillion as of 2021 and a population of 270 million. Its O&G industry is an important contributor to the economy and a key growth driver.""We look forward to working together with PTRIE, whose founders are renowned experts in Indonesia's O&G industry, to seek opportunities that are beneficial to us both as Indonesia has set a target to ramp up crude oil and condensates production to 705,000 barrels a day."Ms. Verra Christianty, Director of PTRIE said, "We are happy to collaborate with Bintai Energy to introduce these products to Indonesia. We are sure that, with their technical and pricing knowledge, both parties will be able to penetrate a vast market."Bintai Energy was recently awarded additional sub-contracts to supply high-grade carbon steel/stainless steel piping, valves and piping accessories with a value of approximately RM4.43 million and has to-date clinched approximately RM9.0 million in sub-contracts.Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden JV Wins Contracts to Supply O&G-Related Equipment ACN Newswire

Bintai Kinden JV Wins Contracts to Supply O&G-Related Equipment

July 28, 2022
PETALING JAYA, Malaysia, Jul 28, 2022 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad (Bursa: BINTAI, 6998), a mechanical and electrical (M&E) engineering services specialist, is pleased to announce that Bintai Energy Sdn Bhd (Bintai Energy) has been awarded a series of additional sub-contracts by Petro Flanges & Fittings Sdn Bhd (PFF) to supply high-grade carbon steel/stainless steel piping, valves and piping accessories with a value of approximately RM4.43 million to companies in the oil and gas (O&G) industry.Azri Azerai, Executive Director of Bintai KindenBintai Kinden, through wholly-owned subsidiary Kejuruteraan Bintai Kindenko Sdn Bhd (KBK), has a 51% interest in Bintai Energy, with the other 49% interest held by PFF. KBK is a M&E engineering services specialist while PFF is a supplier of pipes, flanges, fittings, valves and other O&G-related equipment.En. Azri Azerai, Executive Director of Bintai Kinden said, "These sub-contracts are a welcome addition to the stable of sub-contracts under KBK and we believe that the partnership we have with PFF through Bintai Energy is an effective platform from which both sides can leverage and benefit.""The dynamic team at Bintai Kinden is continuously evolving and one area we are focusing on is the O&G industry where we are tapping into opportunities from rising activities in the industry. Under these sub-contracts, we are supplying equipment to various established companies with O&G-related businesses and activities. Bintai Energy has been awarded with similar contracts since its establishment in March 2022 and we hope to be able to win more such contracts given our expertise and knowledge."With the most recent sub-contracts, Bintai Energy has clinched a total of approximately RM9.0 million under the Bintai Energy JV since its formation.Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Bintai Kinden Signs MoU Exploring Opportunities in Middle East ACN Newswire

Bintai Kinden Signs MoU Exploring Opportunities in Middle East

July 25, 2022
PETALING JAYA, Malaysia, Jul 25, 2022 - (ACN Newswire via SEAPRWire.com) - Bintai Kinden Corporation Berhad, a building and industrial service engineering specialist, is pleased to announce that the Company's sub-subsidiary, Johnson Medical International Sdn Bhd (JMI), has signed a memorandum of understanding (MoU) with Medical Renewable Care Company (MRC, or under its trade name known as Nouveta) to explore a collaboration providing mechanical and engineering (M&E) solutions and services to the healthcare industry of Saudi Arabia and future expansion in Dubai, United Arab Emirates (UAE).Azri Azerai, Executive Director of Bintai KindenJMI specialises in the design, manufacture and installation of customized hospital support system equipment and provision of nursing home services. Nouveta, which is based in Jeddah, Saudi Arabia, provides healthcare-related products and services to doctors, hospitals and pharmacies.Azri Azerai, Executive Director of Bintai Kinden said, "This MoU gives us the framework to explore in more concrete terms how JMI and Nouveta can collaborate further in Saudi Arabia and the UAE and leverage on the opportunities that can be found in these countries.""As a first step, we are looking to appoint Nouveta as JMI's distributor in Saudi Arabia and secondly, we will study more on the commercial viability of providing M&E solutions and services in Dubai and the rest of the UAE that may encompass a wider market than just hospitals and pharmacies. We look forward to deepening the partnership with Nouveta."Ali Salem Alsubai, General Manager of Nouveta said, "We look forward to a fruitful relationship with JMI and Bintai Kinden. We believe that there are opportunities for us to leverage on and grow together."Bintai Kinden, which recorded a net profit of RM0.91 million in the quarter ended 31 March 2022 (Q4 2022) against a net loss of RM6.59 million in the corresponding Q4 2021, also recently formed a partnership with Marafie Industries Co to supply piping materials to oil and gas related companies in Saudi Arabia as well as securing a series of projects from Petro Flanges & Fittings Sdn Bhd to supply piping materials.Bintai Kinden Corporation Berhad: 6998 [BURSA: BKC], http://bintai.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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