Monday 15 Jul 2024
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KUALA LUMPUR (Feb 15): Infomina Bhd's wholly-owned subsidiary, PT Infomina Solution Indonesia has secured a maintenance and support contract worth approximately US$3.3 million (RM14.5 million) from PT Bank Maybank Indonesia TBK, boosting its ambitions of expanding into the country.

In a Bursa Malaysia filing, Infomina said its Indonesian subsidiary received  a letter of confirmation dated Feb 15 for the provision of technology application and infrastructure operations, maintenance and support services to Maybank Indonesia — a part of the Malayan Banking Bhd Group — valued at approximately US$3.3 million.

The duration of the contract is for five years commencing from Nov 30 till Nov 29, 2027.

Yee Chee Meng, managing director of Infomina in a press statement said the contract adds to the company's outstanding orderbook which has increased to over RM500 million.

“This is truly a fantastic achievement that will kick-start the expansion of our footprint in Indonesia.

“Over the near term, we look forward to more such wins as we leverage on our superior domain expertise to deliver solutions to our customers in key markets across the region,” he added.

He said none of the directors, major shareholders of Infomina and/or persons connected with them has any interest, whether direct or indirect, in the deal.

Infomina’s share price closed one sen or 0.74% higher to RM1.37. Its market capitalisation stood at RM823.71 million.

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