KUALA LUMPUR (March 9): Sasbadi Holdings Bhd has secured three textbooks publishing and printing contracts for Year 3 of the Chinese primary schools from the Ministry of Education (MoE), for a total of RM6.53 million.

In a filing with Bursa Malaysia today, Sasbadi said its directly-owned subsidiary Sasbadi Sdn Bhd (SSB), has accepted two letters of acceptance (LoAs) for publishing and printing a Mathematics textbook for RM2.89 million and an Arts Education textbook for RM722,045.

Meanwhile, its indirectly-owned subsidiary The Malaya Press Sdn Bhd (TMP) has accepted an LoA from the MoE for the publication and printing of a Chinese Language textbook, worth RM2.92 million.

The three contracts are for a period of two years, from March 9, 2018, to Dec 31, 2020.

The publisher said the contracts would not have any material effect on the earnings and net assets of the group for the financial year ending Aug 31, 2018, as SSB and TMP are expected to deliver the first tranche of the contracts worth RM3.94 million in the first and second quarters of the financial year ending Aug 31, 2019.

"In this regard, the contracts are only expected to contribute positively to the earnings and net assets of the group for the financial year ending Aug 31, 2019, onwards, during the duration of the contracts," it said.

At 12.30pm, Sasbadi shares fell 2.5 sen or 4.95% to 48 sen, giving it a market capitalisation of RM205.36 million.