OTHERS CENSOF HOLDINGS BERHAD ("CENSOF" OR "THE COMPANY") - CONTRACT AWARDED BY MINISTRY OF ENTREPRENEUR DEVELOPMENT AND COOPERATIVES TO CENTURY SOFTWARE (MALAYSIA) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
CENSOF HOLDINGS BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | CENSOF HOLDINGS BERHAD ("CENSOF" OR "THE COMPANY") - CONTRACT AWARDED BY MINISTRY OF ENTREPRENEUR DEVELOPMENT AND COOPERATIVES TO CENTURY SOFTWARE (MALAYSIA) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY |
The Board of Directors of Censof wishes to announce that Century Software (M) Sdn. Bhd., a wholly-owned subsidiary of the Company had on 9 November 2022 received a letter of acceptance dated 8 November 2022 from the Ministry of Entrepreneur Development and Cooperatives in relation to the maintenance of hardware and software for the Business Licensing Electronic Support System (“the Project”).
The tenure of the Project is for a period of thirty six (36) months from 15 November 2022 to 14 November 2025 with no option to extend and/or renew upon its expiry. The total value of the Project amounts to RM7,930,178.00 (inclusive of sales and service tax).
The Board of Directors is of the view that the Project is in the best interest of the Company and is expected to contribute positively to the earnings and net assets per share of the Company for the financial years ending 31 March 2023 onwards.
The Board of Directors does not foresee any exceptional risks other than the normal operational risks associated with the Project.
None of the directors and/or major shareholders and persons connected with a director or major shareholder has any interest, direct or indirect, in the Project.
This announcement is dated 10 November 2022. |
Announcement Info
Company Name | CENSOF HOLDINGS BERHAD |
Stock Name | CENSOF |
Date Announced | 10 Nov 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-10112022-00012 |