Mesiniaga bags RM42 contract from Customs

Mesiniaga bags RM42 contract from Customs
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KUALA LUMPUR (Sept 7): Mesiniaga Bhd has bagged a RM42.01 million contract from the Royal Malaysian Customs Department.

In a bourse filing, the IT systems integrator and solutions provider said it had accepted a letter of award for the provision of MYGST maintenance services and licence renewal services from 2020 to 2022.

While the project's acronym is close to the one that stands for the goods and services tax or GST, which was abolished in 2018, it is unclear if it is related, as no further details were provided about its job scope.

Meanwhile, Mesiniaga said the contract, which is expected to start on Oct 16, 2020, and be completed by Oct 15, 2022, is expected to contribute positively to its earnings over the period.

Mesiniaga shares finished 1.63% or two sen lower at RM1.21 today, giving it a market capitalisation of RM73.09 million, after 6,500 shares were transacted.

Tan Choe Choe