OTHERS MY E.G. Services Berhad ("MYEG" or "the Company") - Press Release: Implementation of Tax Monitoring Programme in 30 more cities in Indonesia.
MY E.G. SERVICES BERHAD TypeAnnouncementSubjectOTHERS DescriptionMY E.G. Services Berhad ("MYEG" or "the Company") - Press Release: Implementation of Tax Monitoring Programme in 30 more cities in Indonesia.
The Board of Directors of the Company wishes to announce that its associate company in Indonesia, PT Cartenz Inti Utama (“Cartenz Group”), has secured additional mandates from various provincial governments in the Republic of Indonesia, to roll-out its tax monitoring system to 30 more cities on a pilot basis, marking an expansion to the Tax Monitoring Programme that is actively underway in Jakarta (“the Projects”).
The Projects’ tenure ranges from 1 year to 3 years and it is renewable upon expiry. The Projects have no fixed value as it is dependent on the number of installations to be undertaken by the Cartenz Group.
Nonetheless, the Board of Directors is of the view that the Projects are in the best interest of the Company and are expected to contribute positively to the earnings of the Company for the financial year ending 31 December 2020.
At this point in time, the Board does not foresee any risks in relation to the Projects.
None of the directors and/or major shareholders and persons connected with the director or major shareholder has any interest, direct or indirect, in the Projects.
Please refer to the attachment in relation to the press release for further details.
This announcement is dated 13 January 2020.
Please refer attachment below.
Press Release (13.01.2020).pdf 87.8 kB
Company NameMY E.G. SERVICES BERHADStock NameMYEGDate Announced13 Jan 2020CategoryGeneral Announcement for PLCReference NumberGA1-13012020-00081
MyEG makes third investment in Chinese-based firm TheEdgeWed, Apr 10, 2019 - 39 minutes ago
KUALA LUMPUR (April 10): My E.G. Services Bhd (MyEG) is investing 15 million yuan (RM9.1 million) in HiScene (Shanghai) Information Technology Co Ltd.
The e-government service provider said in a statement that its investment arm MyEG Capital Sdn Bhd had signed an agreement with HiScene for the investment in augmented reality (AR) products and services.
This marks MyEG’s third investment in a Chinese-based company. Earlier this month, it announced a RM6.1 million investment in Chinese edtech company Jingle Magic, while last year, it invested a 3.125% interest in Guangzhou-based mobile and AR developer Ximmerse.
Joining MyEg in the latest investment in HiScene are Suzhou GGV Yuanxing Equity Investment Partnership (Limited Partnership), Xiamen Meitu Network Technology Co Ltd, Ondine Capital, and a few other Chinese investors,” MyEG said.
Founded in 2012 with headquarters in Shanghai and branches in Beijing, Guangzhou, Shenzhen, Kunming and Silicon Valley, HiScene is a world leading provider of AR products and services, which owns independently-researched-and-developed Artificial Intelligence (AI) core technologies like computer vision, deep learning and intelligent interaction, as well as integrated software and hardware. HiScene also provides platform level industry solutions.
Using the core idea of “Integrated Terminal and Cloud”, HiScene was at the forefront of launching the SAAS mode of enterprise-level AR cloud services in the industry, and AR intelligent glasses called HiAR Glasses, the statement added.
MyEG Capital’s portfolio of investments also include a variety of technology businesses, including FashionValet, Agmo Studio and Stampede Solutions.
Shares of MyEg rose two sen or 1.27% to close at RM1.60 today, giving it a market capitalisation of RM5.58 billion. The counter was among the most actively-traded stock in Bursa Malaysia, with some 37.04 million shares exchanging hands.
Kindly be advised that trading in SOLUTN's securities has been halted with effect from 9.00 a.m., Wednesday, 19 October 2016. Trading in the above securities will resume with effect from 10.00 a.m., Wednesday, 19 October 2016.
Your attention is drawn to SOLUTN's announcement dated 18 October 2016.