OCK through its subsidiary OCK Setia Engineering Sdn. Bhd. had accepted the Letter of Acceptance from the Ministry of Education Malaysia for the rental of eco-friendly ICT hardware that meets green requirements on a lease-to-use basis.
The equipment will used for teaching and learning needs in the Ministry of Education Malaysia school computer laboratories Phase 3 (Zone 9: Sarawak).
The company said it had on 7 November 2023 obtained KPM’s consent to disclose the pertinent information in relation to the Contract.
The duration of the Contract is for a period of 65 months from 26 October 2023 to 25 March 2029, i.e. 4 months for the supply, installation, testing and hardware commissioning, 60 months for leasing of the laptops, and 1 month return period. The total value of the Contract is RM48,730,110.00.
OCK said the contract would not have any material effects on the share capital and shareholding structure of the Company. However, it is expected to contribute positively to the earnings per share and net assets per share of OCK for the financial year ending 2024 onwards.
