KUALA LUMPUR: ITMax System Bhd
's 65%-owned subsidiary Southmax Sdn Bhd has secured a contract from the Pontian Municipal Council (MPPn) to be the smart parking operator for the outdoor parking under the council's purview.
The contract is for a period of 15 years commencing on Feb 1, 2025, to Jan 31, 2040, said Itmax in a bourse filing.
The revenue collected for all parking and parking compound collections will be shared between the parties with 70% going to Southmax and the remaining 30% to MPPn.
