Bintai Kinden Corp Bhd is a Malaysian investment holding company. Its business activities are specialized mechanical and electrical engineering services and environment and facilities management services; undertake turnkey, infrastructure, civil and structural construction project; and trading in building materials. Its other business practices are property development of residential properties; concession arrangements in the construction and maintenance of facilities and infrastructure; and investment holding in quoted and unquoted shares and other investment-related activities. The majority of the company’s revenue comes from Singapore.
Alert Message
Confirm Message
Trade this stock and win a FREE I3investor T-shirt after 5 trades. Find out more.
tpcourt123yes.....CL ady go to other stock.....drop to holland
28/04/2021 3:31 PM
lee503Bintai Kinden Corp Bhd has increased the size of its private placement to partly pay for its acquisition of medical engineering solutions provider Johnson Medical International Sdn Bhd (JMI). The placement will now comprise 191.0m shares or 50.0% of the group's share capital, and seeks to raise RM72.6m based on an indicative price of 38 sen per share. Under the revised shares placement, RM26.0m of the total proceeds will be used to partly pay for the JMI purchase. Another RM25.0m will be used for its Holistica Development project in Penang, while RM10.1 m will be set aside for working capital requirements. (The Edge)
