| Type | Announcement |
| Subject | OTHERS |
| Description | ORDER RECEIVED FOR THE SUPPLY, DELIVERY, INSTALLATION AND MAINTENANCE OF HARDWARE AND SOFTWARE FROM STRATEQ SDN BHD |
The Board of Directors of Microlink Solutions Berhad (“MSB†or “the Companyâ€) wishes to announce that Applied Business Systems Sdn Bhd (“ABSâ€), a wholly-owned subsidiary of MSB, has on 10 February 2020 received a purchase order from Strateq Sdn Bhd (“Strateqâ€) for the supply, delivery, installation and maintenance of hardware and software for Hasil Integrated Tax System (HITS) operated by Lembaga Hasil Dalam Negeri Malaysia scheduled to run from end of February 2020 for three years for a the total sum of Ringgit Malaysia Thirty Five Million Seven Hundred Thousand (RM35,700,000.00) only (“Orderâ€).
The Order is expected to contribute positively to the revenue and earnings of the Company within the financial year ending 31 March 2020 and will continue for the duration of the contract thereafter. It will have no effect on the issued share capital and substantial shareholders’ shareholdings of the Company.
The Company does not foresee any exceptional risk other than operational risk associated with the Order during the Order period.
None of the Directors and/or the substantial shareholders of the Company and/or persons connected with the Directors and/or substantial shareholders have any interest, direct or indirect in the Order.
The Board of Directors of the Company is of the opinion that the Order is in the best interest of the Company.
This announcement is dated 12 February 2020.
