PETALING JAYA: Managepay Systems Bhd
(MPay) has secured a letter of award from Penang Port Sdn Bhd (PPSB) worth RM270,270, to render the services of design, development, supply, configuration, testing, integration, commissioning, and maintenance of PPSB’s mobile application hosted in the cloud.
In a filing with Bursa Malaysia, the electronic payment solutions provider said it shall deliver the PPSB mobile application within four months upon receipt of the superintending officer's written instruction and provide a comprehensive system support during the subscription period of three years.
“The letter of award will not have any effect on the issued share capital and shareholdings of the substantial shareholders of the company.
“However, it is expected to contribute positively towards the earnings and net assets per share of the company for the financial year ending June 30, 2026 and onwards.”
Having considered all aspects of the letter of award, MPay said the acceptance of the letter of award is in the best interest of the company.
