Microlink Solutions Berhad had entered into a (i) Software Supply Agreement, Services Agreement and Maintenance Agreement with Bank Islam Brunei Darussalam Berhad for a project to implement and maintain a new core banking system.
The total value of the project is estimated to be at RM56 million based on conversion rate of 1BND = RM3.5124, for a period of 6 years (one year implementation and five years maintenance and support), commencing from April 2024.
The company said the project will have no effect on the issued share capital and substantial shareholders’ shareholdings of the Company and it is expected to contribute positively to the revenue.
The company also does not foresee any exceptional risk other than operational risk associated with the Project during the Project period.
