Under the terms of the agreement, Awantec Systems will be appointed the exclusive partner to Google for the provision of its services to the Malaysian government.
Awanbiru said the agreement is for a period of 35 months commencing on Feb 1, 2022, and expiring on Dec 31, 2024.
If the Awantec write-off their trade receivables RM182.798 in 2022 then the big losses coming!!! Refer page 135 Annual Report 2021. As at 30 June 2021, trade receivables amounted to approximately RM187.62 million (included an amount of RM182.798 million owing by the Government of Malaysia (“GOM”) in relation to the development of SKIN solution). The details of trade receivables and its credit risks are disclosed in Note 51.1(b)(iii) to the financial statements.
EVO118, don’t have hope in this hearing… should drag again… even won I don’t think the share price will move much judging from securing so many contracts
It is ok on how the management operate the company. But there is a man created a group said this can go up to RM3 and he end up not talking anymore regarding this counter. Such a bullshit guy. However all his followers said market is not good. Must keep patient. Haha. In fact he is already sold all his holding to the followers
Still have to come to the party, it is a contract, can't get out of it. Unless there are some under table sweetners or contracts to major investors without the rest of the shareholders knowing. Well this is Malaysia, anything is possible.
The GOM has got no money. Zafrul will need to provide some sort of a contingency funding in the event of an unfavourable outcome in his next buget before we can assume this is going to be resolved in the very near future. More likely we will have a new PM, Finance Minister, Attorney General as well as a new Chief Justice before we get any closer. That is how slow Malaysia gets things done. Still nobody in jail for all the corruptions after GE14
The 77mil cash balance from Right Issue and PP a year ago now left less than 20mil, and haven’t seen the company turnaround…. Yet the directors are being paid 1mil+ on 2021…. questionable…..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wsngsj
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Posted by wsngsj > 2022-05-15 15:28 | Report Abuse
https://www.klsescreener.com/v2/news/view/988729
Under the terms of the agreement, Awantec Systems will be appointed the exclusive partner to Google for the provision of its services to the Malaysian government.
Awanbiru said the agreement is for a period of 35 months commencing on Feb 1, 2022, and expiring on Dec 31, 2024.