Bintai Healthcare signs cold chain box supply deal with Saudi's Alrowad
KUALA LUMPUR: Bintai Kinden Corp Bhd's subsidiary has signed a deal to supply the Greenie Medi Cold Chain Box for the storage and distribution of Covid-19 vaccine in Saudi Arabia.
The group said in a filing with Bursa Malaysia that Bintai Healthcare Sdn Bhd will supply the cold chain boxes to Alrowad Medical Services, a healthcare-focused company in infection control and smart solutions.
The collaboration is expected to augur well for Bintai Kinden as Saudi Arabai had recently rolled out its nationwide coronavirus vaccination with AsteraZeneca Covid-19 vaccine, said managing director Ong Choon Lui.
“The healthcare solution business is on the horizon for Bintai Kinden.
"We hope our healthcare business can contribute more than 25% to the company’s profits in the future,” he added.
The MoU with Alrowad is not expected to have any material effect on the issued and paid up share capital of Bintai Kinden but is expected to contribute positively towards the future earnings of the Group.
Bintai Healthcare was appointed as the exclusive distributor for Greenie Medi Cold Chain Box by SLAB Asia Co Ltd in Malaysia, Saudi Arabia and the Philippines.
It was also appointed authorised distributor of the product in Brunei, Myanmar, Cambodia, Timor-Leste, Indonesia, Laos, the Philippines, Singapore, Thailand and Vietnam.