Bintai Kinden gets debt settlement proposal and reaches settlement with Axbena

Bintai Kinden managing director Datuk Tay Chor Han

KUALA LUMPUR: Bintai Kinden Corp Bhd has sealed a deal with Windsor Serdang Sdn Bhd (WSSB) to wipe out all pending debts from Serdang Baru Properties Sdn Bhd (SBPSB) that are owed to Kejuruteraan Bintai Kindenko Sdn Bhd (KBKSB), a part of Bintai Kinden.

The mechanical and electrical (M&E) engineering services specialist said WSSB has agreed to make a first payment of RM3mil by Sept 13, to a stakeholder who is irrevocably authorised to release to KBKSB subject to certain conditions being fulfilled.