FROM its core business of engineering, Bintai Kinden Corp Bhd has taken a plunge into numerous business activities over the past one year – from COVID-19 vaccine distribution to property development and the latest being exclusive distributorship of a special vaccine storage box.
The company through its subsidiary Bintai Healthcare Sdn Bhd has today inked a memorandum of understanding (MOU) to supply the Greenie Medi Cold Chain Box designed for the storage and distribution of COVID-19 vaccine in Malaysia with SRT-EON Security Services Sdn Bhd.
The Greenie Cold Chain Box will be supplied to SRT-EON which is currently ranked as the Top Five securities companies in Malaysia for the distribution and delivery of vaccines to ensure the vaccines are secured and protected during distribution.
The medical freezer box will enable the temperature in the box to be kept at an optimal level to ensure the safe delivery of vaccines, according to Bintai Kinden managing director Ong Choon Lui.
“The product is designed for the exclusive use in transporting and storing medical products at very low temperatures,” Ong pointed out. “It keeps the inbox temperature at -70℃ for up to 120 hours.”
The Greenie Medi Cold Chain Box which meets ISTA 7D/7E requirements is designed specifically to enable proper storage and distribution of vaccines, including the highly anticipated COVID-19 vaccine.
ISTA 7D/7E is a test standard set by the Center for Drug Evaluation and Research under the US Food and Administration to certify compatibility and adequacy for transporting medical-grade products.
Aside for SRT-EON, Bintai Healthcare has separately entered into a distribution agreement with SLAB Asia Co Ltd to distribute the full range of Greenie Medi Cold Chain Box products within the geographical territories of Saudi Arabia and the Philippines.
To re-cap, Bintai Healthcare was appointed as the exclusive distributor for the Greenie Medi Cold Chain Box in Malaysia last month.
At the same time, it was also appointed as an authorised distributor for the product in Brunei, Myanmar, Cambodia, Timor-Leste, Indonesia, Laos, the Philippines, Singapore, Thailand and Vietnam.
Both agreements are not expected to have any material effect on the issued and paid up share capital of Bintai Kinden but are expected to contribute positively towards the future earnings of the group, added the company.
At the close of the morning session. Bintai Kinden was up 3 sen or 5.13% at 61.5 sen with 26.88 million shares traded, thus valuing the company at RM235 mil. – Feb 2, 2021