KUALA LUMPUR (Dec 17): Eduspec Holdings Bhd shares jumped 20% in early trade this morning after it entered into a collaboration agreement with Matlamat Wawasan Sdn Bhd (MWSB) for the implementation of science, technology, engineering and mathematics (STEM) programmes with computer science for primary schools, and with robotics for secondary schools, under the Ministry of Education (MoE).

At 9.06am, Eduspec added 0.5 sen to 3 sen, valuing it at RM42.78 million.

Eduspec said MWSB is principally engaged in the provision of electronic equipment, and other education-related solutions and services.

"In order to ensure the smooth and effective collaboration in the implementation of the programs under [the] MoE, both parties agree to collaborate and organise the STEM programs for schools in such manner and upon such terms as MWSB may in its absolute decision, deem fit," it said.