CEO Morning Brief

MyEG Gets JPJ Nod to Start Driving Test System on Actual Candidates

edgeinvest
Publish date: Thu, 30 Nov 2023, 08:48 AM
edgeinvest
0 18,803
TheEdge CEO Morning Brief

KUALA LUMPUR (Nov 29): E-government service provider MyEG Services Bhd (MyEG) said it has received approval from the Road Transport Department (JPJ) to proceed with the pilot phase of the MyEG Drive Testing System (MYDTS) involving actual test candidates.

The MYDTS pilot test has been approved to run from Dec 18, 2023 until Feb 16, 2024, MyEG said in a filing with Bursa Malaysia on Wednesday.

"The board is of view that the MYDTS pilot test 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, 2024 onwards upon successful commercialisation," MyEG said.

In 2021, MyEG was given the nod from JPJ to start the proof of concept for an Automated Training and Driving Test System or e-Testing to assess the competencies of candidates undergoing the Drivers’ Learning Education Curriculum.

At Wednesday's market close, MyEG shares slipped 0.5 sen or 0.62% to close at 79.5 sen, giving the group a market capitalisation of RM6.01 billion.

Read also:
MYEG gets green light from JPJ to set up automated training and driving test system

Source: TheEdge - 30 Nov 2023

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment