Thursday 28 Mar 2024
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KUALA LUMPUR (Aug 4): ICT and business process outsourcing player Privasia Technology Bhd said its unit has secured a technology and managed services contract from Redberry Contact Centre Sdn Bhd to supply business outsourcing services.

Its wholly-owned subsidiary Privasia Sdn Bhd (PSB) had accepted the awarded contract — which has a ceiling price of RM6.17 million — today to supply technology and managed services to Redberry’s call centre operations, according to a bourse filing.

PSB is engaged in the business of outsourcing, consultation, e-procurement and other information technology service-related activities, providing public order and safety affairs-related services as well as civil defence services.

Meanwhile, Redberry — a wholly-owned subsidiary of Redberry Barter Sdn Bhd — is involved in provision of call centre services, telecommunications, information communication technology (ICT), general trading, training and consultancy services, employment and other services.

According to Privasia, the duration of the contract is for a period of one year, and it is expected to contribute positively to the earnings and net assets of the group for the financial year ending Dec 31, 2021 and beyond.

Notwithstanding this, the group said, the award is not expected to have any material effect on the share capital and shareholding structure of Privasia.

Shares of Privasia settled unchanged at 20.5 sen today, with some 11.66 million shares done. This gave the group a market capitalisation of RM122.88 million.

Edited ByLam Jian Wyn
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