KUALA LUMPUR: ICT Zone Asia Bhd
said its wholly-owned subsidiary ICT Zone Sdn Bhd has received a RM17.75mil purchase order from FK Technology Sdn Bhd for the information and communication technology hardware.
The company said in a stock exchange filing, the order involves the supply and delivery of electronic display systems and related ICT hardware, together with supporting mounting structures and associated infrastructure.
It also includes ancillary works required for the installation and operation of the equipment, including electrical works, ICT infrastructure, consultant services and the procurement of relevant local authority licences.
ICT Zone Asia said its gearing level is expected to increase accordingly as it proposes to procure bank borrowings to partially finance the purchase of ICT hardware to fulfil the purchase Order.
