In a filing with Bursa Malaysia, the asset and facilities management firm said the contract period was 34 months or any extended period as stipulated in the contract’s conditions.
The services under the contract include comprehensive facilities management services valued at RM33.17mil, hotel management services (RM4.12mil), mailing services (RM1.24mil), cafeteria services (RM365,400) and sinking fund (RM4.1mil).
“Sinking fund” refers to lump sum funds set aside by MAB for facilities maintenance. The fund is only to be used at MAB’s discretion based on certain terms and conditions.
UEM Edgenta said the transaction was expected to contribute positively to its earnings and net assets per share for the financial years ending Dec 31, 2016 to 2018.
UEM Edgenta shares added 9 sen to close at RM3.43 on Tuesday, with 76,700 shares traded.
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