KUALA LUMPUR: Sasbadi Holdings Bhd’s wholly-owned subsidiary, Sasbadi Sdn Bhd (SSB), has secured a RM3.9mil contract to publish, translate, print and supply two textbook packages for Form 5 subjects from the Education Ministry (MoE).
The packages are Sains Tingkatan 5 and Science Form 5 (Science Textbook Contract) and Pendidikan Seni Visual Tahun 5 SJKC (Visual Arts Textbook Contract).
The group said the total contract sum for the Science Textbook Contract and Visual Arts Textbook Contract were RM3.34mil and RM561,680, respectively.
“Both contracts are for the period from June 1,2020 to May 31,2023, ” it said in a filling with Bursa Malaysia.
It said SSB is expected to deliver these contracts in the first quarter of the financial year ending Aug 31,2021.
The contracts are expected to contribute positively to the earnings and net assets of the Sasbadi group for the financial year ending Aug 31,2021 and onwards during the duration of these contracts.
The group does not foresee any exceptional risk other than the normal operational risks associated with these contracts and will take the necessary steps to mitigate the risks as and when they occur.
“The board of directors of Sasbadi Holdings is of the opinion that these contracts are in the ordinary course of business and in the best interest of the group, ” it added.
Meanwhile, Pelangi Publishing Group Bhd’s wholly-owned subsidiary, Penerbitan Pelangi Sdn. Bhd, has bagged a RM5.44mil contract to publish, print and supply two textbook packages. — Bernama