KUALA LUMPUR (Oct 5): Infomina Bhd has secured a contract valued at RM35.4 million from Bangkok Bank Pcl for the provision of technology application and infrastructure operation services.

In a bourse filing on Thursday, the IT support services provider said its 99.99%-owned subsidiary Infomina (Thailand) Co Ltd has inked a software subscription agreement (SSA) with the bank.

“The SSA is for the provision of technology application and infrastructure operations, maintenance and support services to Bangkok Bank, over a period of three years commencing March 31, 2023, to March 30, 2026.

“The value for the SSA is approximately US$7.5 million (equivalent to RM35.4 million) (excluding value-added tax) for the entire period,” it added.

Infomina said the job is expected to contribute positively to the group’s earnings over the job’s three-year period.

At 2.33pm, Infomina's shares were down one sen or 0.64% at RM1.54, valuing the group at RM925.92 million.

Infomina listed on the ACE Market back in November 2022 with an initial public offering (IPO) price of 40 sen. Against its IPO price, the counter has risen 285%.