INFOM

1.190

-0.01 (-0.8%)

OTHERS INFOMINA BERHAD ("INFOMINA" OR "THE COMPANY") - ACCEPTANCE OF BLANKET PURCHASE AGREEMENT FOR THE PROVISION OF TECHNOLOGY APPLICATION AND INFRASTRUCTURE OPERATIONS, MAINTENANCE AND SUPPORT SERVICES TO THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED IN THAILAND FOR USD33.84 MILLION

INFOMINA BERHAD

Type Announcement
Subject OTHERS
Description
INFOMINA BERHAD ("INFOMINA" OR "THE COMPANY") - ACCEPTANCE OF BLANKET PURCHASE AGREEMENT FOR THE PROVISION OF TECHNOLOGY APPLICATION AND INFRASTRUCTURE OPERATIONS, MAINTENANCE AND SUPPORT SERVICES TO THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED IN THAILAND FOR USD33.84 MILLION

1. INTRODUCTION 

 

The Board of Directors of Infomina is pleased to announce that Infomina (Thailand) Co., Ltd. (“Infomina TH”), a 99.99%-owned subsidiary of the Company, had on 29 December 2025 accepted the Blanket Purchase Agreement (“BPA”) from the Siam Commercial Bank Public Company Limited (“Siam Commercial Bank”) in Thailand.

 

2. DETAILS OF THE BPA

 

The BPA is for the provision of technology application and infrastructure operations, maintenance and support services to Siam Commercial Bank, a banking institution in Thailand, for a period of three years commencing from 1 January 2026 to 31 December 2028 (“Period”).

 

Infomina TH’s roles under the BPA include assisting Siam Commercial Bank in renewing licence subscriptions, provision of training to Siam Commercial Bank’s personnel, and supplying the fixes required for installation and operations (such as detailed operations and maintenance manuals). The services also encompass assessing and monitoring the software environment of Siam Commercial Bank to ensure it is updated with the latest relevant supported version.

 

Infomina TH will also provide online and offline support services, periodical maintenance to the software (including providing Siam Commercial Bank with the relevant manuals), ad-hoc technical and repair services as well as consumption or utilisation monitoring and reporting services.

 

The value for the BPA is USD33.84 million (exclusive of value-added tax) (equivalent to approximately RM137.1 million) and will be invoiced progressively over the Period. Any renewal of the BPA in the future will be subjected to new orders to be negotiated with Siam Commercial Bank towards the end of the Period.

 

3. RISK FACTOR

 

The risk factors associated with the BPA is similar to those presently faced by Infomina TH. The main risk for the BPA will be the currency risk where fluctuations in foreign currency exchange rates, particularly in USD, which any unfavourable fluctuations may adversely affect our financial performance and profit margin.

 

4. FINANCIAL EFFECTS

 

The BPA is expected to contribute positively to the earnings of the Infomina Group over the Period.

 

5. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM

 

The acceptance of the BPA is in the ordinary course of business and is in the best interest of the Company.

 

None of the Directors, major shareholders of Infomina and/or persons connected with them has any interest, whether direct or indirect, in the BPA.

 

This announcement is dated 29 December 2025.






Announcement Info

Company Name INFOMINA BERHAD
Stock Name INFOM
Date Announced 29 Dec 2025
Category General Announcement for PLC
Reference Number GA1-29122025-00028