Quick take: Contract win sends GHL shares up 3%

  • Business
  • Thursday, 28 Mar 2019

KUALA LUMPUR: GHL Systems Bhd’s announcement that it had secured a RM25mil contract by the Government for a petrol subsidy programme, sending its shares higher on Thursday.

GHL, one of the top gainers on Bursa Malaysia, edged up 2.98%, or five sen to RM1.73

GHL has bagged a RM25.03mil project to develop and implement the hardware and software applications for the government's RON95 petrol subsidy programme.

The group said its wholly-owned unit, GHL Transact Sdn Bhd, was awarded the project via a tender process by the Finance Ministry.

GHL said the terms of the contract was to be agreed and signed between the parties involved.

It added that the group would make the necessary announcements as and when the relevant approvals are received from the Ministry of Finance to disclose the relevant details

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