CEO Morning Brief

Dataprep Wins RM5.4 Mil Contract From MYTV Broadcasting

Publish date: Wed, 03 Aug 2022, 08:49 AM
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TheEdge CEO Morning Brief
Dataprep wins RM5.4 mil contract from MYTV Broadcasting

KUALA LUMPUR (Aug 2): Dataprep Holdings Bhd has won a RM5.4 million award from MYTV Broadcasting Sdn Bhd to set up and provide managed services for the transmission system of digital TV infrastructure.

In a filing with Bursa Malaysia on Tuesday (Aug 2), the IT company said its wholly-owned subsidiary Solsis (M) Sdn Bhd had accepted a letter of award from MYTV for the design, supply, delivery, installation, testing and commissioning inclusive of managed services, for the transmission system of digital TV infrastructure at Gunung Telapak Buruk and TM Exchange Kangar.

The contract is for a duration of 12 months starting July 28 this year, and it is expected to contribute positively to the group’s earnings within the contract period.

Shares of Dataprep, which are down 77% year-to-date, eased half sen or 2.6% to close at 18.5 sen on Tuesday, which translates to a market capitalisation of RM124.81 million.

Dataprep’s largest shareholder is Wardah Communication Sdn Bhd, which is linked to Tan Sri Muhammad Ikmala Opat Abdullah, who also has 50.57% interest in construction firm Widad Group Bhd.

Source: TheEdge - 3 Aug 2022

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