CENSOF

0.355

+0.015 (+4.4%)

OTHERS CENSOF HOLDINGS BERHAD ("CENSOF" OR "THE COMPANY") - CONTRACT AWARD

CENSOF HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
CENSOF HOLDINGS BERHAD ("CENSOF" OR "THE COMPANY") - CONTRACT AWARD

The Company is pleased to announce that its wholly-owned subsidiary, Century Software (Malaysia) Sdn Bhd has accepted a Letter of Award ("LOA") (Ref No. MOT(S).400-10/3/84(24)) on 10 March 2021 from the Ministry of Transport Malaysia (“MOT”) for a contract named "Perolehan Pembangunan Sistem Pelesenan Kenderaan Perdagangan (I-SPKP)" ("the Contract") for a total contract sum of RM 17,859,388.80 (inclusive of 6% Sales and Services Tax).

 

The tenure of the Contract is for a period of 36 months commencing from 1 April 2021 to 31 March 2024.

 

The contract will not have any material effect on the issued and paid-up capital, substantial shareholders' shareholding, net asset per share and gearing of the Company and its subsidiaries ("Censof Group"). 

 

Bearing any unforseen circumstances, the Board is of the opinion that the Contract will contribute positively to the earnings per share and the future earnings of Censof Group.

 

Censof does not envisage any risk factor arising from the Contract besides business risk. However, the Company will continuously be taking appropriate measures to manage and mitigate the risk.


None of the Directors, its substantial shareholders or person connected with the Directors and substantial shareholders of the Company have any interest in the Contract. 

 

The Board, after considering all aspects of the Contract, are of the opinion that the Contract is in the best interest of Censof Group. 

 

This announcement is dated 10 March 2021.






Announcement Info

Company Name CENSOF HOLDINGS BERHAD
Stock Name CENSOF
Date Announced 10 Mar 2021
Category General Announcement for PLC
Reference Number GA1-10032021-00048