(Updated)

Awantec subsidiary secures G Suite Enterprise For Education contract from Education Ministry

Awantec subsidiary secures G Suite Enterprise For Education contract from Education Ministry
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KUALA LUMPUR (July 9): AwanBiru Technology Bhd's (Awantec) wholly-owned subsidiary Prestariang Systems Sdn Bhd (PSSB) has secured a RM22.78 million contract from the Ministry of Education (MOE) to supply the G Suite Enterprise For Education software to public schools in Malaysia.

In a filing with Bursa Malaysia today, Awantec said the three-year contract is effective from today (July 9, 2021).

"MOE had on July 8, 2021 issued the Surat Setuju Terima (acceptance letter) to PSSB and the terms of the transaction will be embodied in a formal contract to be executed between both parties," Awantec said.

Awantec was formerly known as Prestariang Bhd.

At 2.38pm today, Awantec's share price rose 3.5 sen or 4.22% to 86.5 sen for a market value of about RM682.18 million.

Awantec has 788.65 million issued shares.

Chong Jin Hun