Bintai Kinden Secures Reinstatement Of Cancelled Contracts From TNB
Bintai Kinden announced that its wholly-owned subsidiary has received a formal notification from TNB on the reinstatement of 3 contracts which were previously terminated back in 2013.
Based on the notice, the subsidiary has been instructed to resume defect clearance works at three substations in Grik, Subang Jaya, and Kuchai Lama.
The latest development is part of a series of negotiations between the parties aimed at reaching an amicable resolution to the contractual matters arising from the termination of ten contracts on 21 June 2023 and 13 July 2023.
The Board is of the view that the reinstatement of these contracts is in the best interests of BKCB and its stakeholders.
Related
