1. Introduction

Mesiniaga Berhad (“Company”) is pleased to announce that on 17 November 2021, it received and accepted the Letter of Award from PERKESO (“Customer”) for the comprehensive Supply, Delivery, Installation, Configuration, Migration, Testing, Training, Commissioning and Maintenance of Hardware and Software for the Production, Staging and Development Environment, and Disaster Recovery at the Data Centre (DC) and Disaster Recovery Centre (DRC).

2. Contract value

The total value of the Contract is RM31,164,000.00 (Ringgit Malaysia: Thirty One Million One Hundred and Sixty Four Thousand Only) inclusive of SST.

3. Duration of the Contract

The Contract duration is from 29 November 2021 to 28 June 2027. The Contract has no provision for automatic renewal.

4. Risks in relation to the Contract

The risks relate mainly to meeting the service level commitments and deadlines imposed by the Customer. The Company has taken the necessary steps to mitigate the risks.

5. Directors and substantial shareholders’ interest

None of the directors, substantial shareholders or any person connected to the directors or substantial shareholders of the Company has any interest, either directly or indirectly, in the said Contract.

6. Statement of 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.

7. Financial effects

The Contract will not affect the share capital and substantial shareholders’ shareholdings of the Company; however, it is expected to contribute positively to the Group’s earnings and net assets for the financial year ending 31 December 2021 onwards until the expiry of the Contract.  

This announcement is dated 17 November 2021.