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Bintai Kinden eyes vaccine foray to cushion M&E volatility
Bintai Kinden Corp Bhd is venturing into the healthcare sector, specifically with a Covid-19 vaccine distribution agreement with US-based Generex Biotechnology Corp, to diversify its income away from its volatile mechanical and electrical engineering business. The company aims for its new healthcare segment to contribute over 25% to its future profits, despite the vaccine still being in pre-clinical trials. Additionally, Bintai Kinden is planning a retirement village project in Melaka and is focused on cost-cutting measures after reporting losses in the latest financial quarters.