Bintai Kinden Corp Bhd has secured a RM61.22 million contract as the main contractor for a housing project in Jasin, Melaka.

Under this turnkey contract, its wholly-owned subsidiary Kejuruteraan Bintai Kindenko Sdn Bhd (KBK) will serve as the main contractor responsible for the entire project scope, including underpinning, structural, mechanical and electrical (M&E) works, as well as infrastructure development on a design-and-build basis.

The contract was awarded by N&T Asset Sdn Bhd, the registered owner of the 38-acre piece of land in which the housing project will be developed, Bintai told the stock exchange today (Nov 4).

Under this turnkey contract, KBK will serve as the main contractor responsible for the entire project scope, including underpinning, structural, mechanical and electrical (M&E) works, as well as infrastructure development on a design-and-build basis.

The project will involve the construction of 30 single-storey semi-detached houses, 90 single-storey cluster semi-detached houses, and 136 single-storey terraces.

The contract also includes the development of six single-storey bungalow houses and 13 single-storey shop lot units, alongside critical infrastructure, including two substations, a centralised sewerage treatment plant, and an elevated water tank complete with a suction tank and pump house, according to the filing.

Bintai share price closed at 9.5 sen, down 0.5 sen or 5.00%, valuing the group at RM116 million. – TMR