KUALA LUMPUR (Jan 27): Perak Transit Bhd, which in early December inked a deal with edotco Malaysia Sdn Bhd's 79%-owned On Site Services Sdn Bhd to provide construction and engineering services to On Site Services for the building of telecommunication towers, has now accepted an extended agreement to extend its services to another edotco subsidiary.

Perak Transit accepted the extended agreement to provide the same scope of services to Touch Matrix Sdn Bhd via its wholly owned PTrans Resources Sdn Bhd, the Ipoh-based transport terminal and bus operator's Bursa Malaysia filing showed.

In the original master framework agreement inked between On Site Services and PTrans Resources Sdn Bhd, On Site Services wanted to procure a standardised design with common pricing for the supply, construction and commissioning for build-to-suit sites, colocation upgrades, managed service sites and other related work for its operations in Malaysia.

At the time, Perak Transit said the agreement was in line with its strategy to pursue new opportunities to increase its revenue stream, and to diversify its earnings base and reduce dependency on its existing business.

Perak Transit’s share price closed unchanged at RM1.23 on Friday, giving the group a market capitalisation of RM887.36 million.