GHL’s petrol subsidy win a market surprise
THE win by GHL Systems Bhd in the contract to develop and design a system for the targeted petrol subsidy for the RON95 fuel is a surprise to the market.
The contract worth some RM25mil has been awarded through a tender process and GHL says in a filing with Bursa Malaysia that it has been notified of this win through a disclosure in the Finance Ministry’s procurement portal.
Further details on the scope of the contract are scant and the terms of the contract between the government and the company had not been signed.
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