MSNIAGA

1.480

(%)

OTHERS SURAT SETUJU TERIMA PERKHIDMATAN PENYELENGGARAAN PERALATAN, PERISIAN DAN MEJA BANTUAN (HELPDESK) ICT CAWANGAN JABATAN IMIGRESEN MALAYSIA (JIM) SECARA KOMPREHENSIF [NO. KONTRAK : KDN/PL/IT/JIM/5/2020] No. Tender : QT200000000026574 BERJUMLAH RM15,193,770.33 TERMASUK CUKAI JUALAN DAN CUKAI PERKHIDMATAN

MESINIAGA BERHAD

Type Announcement
Subject OTHERS
Description
SURAT  SETUJU TERIMA PERKHIDMATAN PENYELENGGARAAN PERALATAN, PERISIAN DAN MEJA BANTUAN (HELPDESK) ICT CAWANGAN JABATAN IMIGRESEN MALAYSIA (JIM) SECARA KOMPREHENSIF [NO. KONTRAK : KDN/PL/IT/JIM/5/2020] No. Tender : QT200000000026574 BERJUMLAH RM15,193,770.33 TERMASUK CUKAI JUALAN DAN CUKAI PERKHIDMATAN

1. Introduction

Mesiniaga Berhad (“the Company”) is pleased to announce that the Company has accepted today the Letter of Award issued by the Ministry of Home Affairs for the provision of comprehensive maintenance services of hardware, software and helpdesk support at branches of Immigration Department of Malaysia (the “Contract”).
 

2. The Contract Value
The total contract value of the project is RM15,193,770.33 (Ringgit Malaysia: Fifteen Million One Hundred Ninety-three Thousand Seven Hundred Seventy and Sen Thirty-three only) inclusive of Sales and Service Tax.

3. Duration of the Contract
The Contract shall commence on 1 December 2020 and is expected to complete by 30 November 2023. There is no clause in the Letter of Award on automatic renewal.

 4. The effect on net assets of the Group
The proposed transaction will have positive effect on the Company’s Net Assets for the financial year ending 31 December 2020. It is also expected to contribute positively to the Company’s earnings over the period of the Contract.

5. The risks in relation to the Contract
The risks relate mainly to meeting deadlines imposed by the customer and meeting the terms of the service level commitments. The Company has however taken the necessary steps to mitigate the risks.

6. Directors' and Substantial Shareholders' Interest
None of the Directors or substantial shareholders or any person connected to the Directors or substantial shareholders of Mesiniaga Berhad have any interest, either directly or indirectly in the said Contract.

7. Statement of the Directors
The Board of Directors of the Company is of the opinion that the said Contract is in the ordinary course of business and is in the best interest of the Company.
 

8. Financial effects
In addition to the Company’s information disclosed, the Management would like to inform that the Contract will have a positive effect on the Earnings Per Share and gearing. The Contract however is not likely to have an effect on the dividend policy, share capital and the substantial shareholders’ shareholdings of the Company for the financial year ending 31st December 2020.

 This announcement is dated on 12 November 2020.






Announcement Info

Company Name MESINIAGA BERHAD
Stock Name MSNIAGA
Date Announced 12 Nov 2020
Category General Announcement for PLC
Reference Number GA1-12112020-00098