KUALA LUMPUR (March 28): GHL Systems Bhd shares rose 1.79% at mid-morning today after it won a RM25.03 million project to develop and implement the hardware and software applications for the Government's RON95 petrol subsidy programme.
At 11.01am, GHL Systems was up 3 sen to RM1.71 with 169,900 shares traded. The stock had earlier risen to a high of RM1.80.
The group said its wholly-owned unit, GHL Transact Sdn Bhd, was awarded the project via a tender process held by the Finance Ministry.
The terms of the contract are to be agreed and signed between the parties involved, the group said in a bourse filing yesterday. "The company will make the necessary announcements as and when the relevant approvals are received from the Ministry of Finance to disclose the relevant details," said GHL.