KUALA LUMPUR: MyEG Services Bhd’s (MyEG) shares on Bursa Malaysia went up in the early session today following the Ministry of Finance’s (MoF) approval for the company to be appointed as the government’s revenue collection agent.
At 10.19 am, the counter was among the most actively traded stocks on the bourse, rising 4.5 sen to 76 sen with 48.84 million shares changing hands.
In a filing with Bursa Malaysia on Friday, MyEG said that the MoF also extended its tenure as the provider of online services for the Immigration Department of Malaysia.
The e-government services provider said the terms of the extension would be finalised pursuant to further discussion with the government in due course, and an agreement to formalise the extension would be signed at a later stage.
“The board is of the view that the extension is in the best interest of the company and is expected to contribute positively to the earnings and net assets per share of the company for the financial years ending Dec 31, 2023, onwards,” it said. – BERNAMA
