KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.
In a filing on Monday, Edaran said the contract, which was awarded by the Ministry of Finance, started on Sept 1 and will span a period of four years.
The deadline for submission of concept proposals for the Kuala Lumpur-Singapore high-speed rail has been extended from Nov 15, 2023 to Jan 15 next year.
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Posted by Kim > 2023-11-03 16:08 | Report Abuse
Volumes breakout
Sailang 455