Bintai, Petronas co-op in JV for engineering works

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Bintai, Petronas co-op in JV for engineering works

Business & Market 2010

Written by Joseph Chin

Friday, 22 January 2010 17:31

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KUALA LUMPUR: Bintai Kinden Corp Bhd's unit Bintai Asset Holdings Sdn Bhd and Petroliam Nasional Bhd workers co-operative have teamed up to venture into engineering works.

Bintai Kinden said on Friday, Jan 22 Bintai Asset had entered into a shareholders agreement with Koperasi Kakitangan Petronas Bhd's unit Cotrade Sdn Bhd.

The agreement was to formalise and set out the terms as shareholders of a JV company.

Bintai will have a 70% stake in the JV company which will have a paid-up of RM100,000 while Cotrade will hold the other 30%.

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Last Updated on Friday, 22 January 2010 17:51

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