KUALA LUMPUR (Aug 1): Divfex Bhd’s subsidiary Finther Technologica Sdn Bhd secured a contract from TM Technology Services Sdn Bhd for five years with a total contract value of RM11.58 million.
In a bourse filing on Tuesday (Aug 1), the tele-data communications company said that the letter of award (LOA), dated July 27, is for providing visibility and observability as a service for digital performance, and analysis of hybrid cloud for TM Tech.
The group added that the contract is expected to contribute positively to the revenue, earnings and net assets of Divfex for the financial year ending June 30, 2024, though not impacting the issued share capital and substantial shareholders’ shareholdings.
Earlier in June, another of Divfex’s subsidiaries — Diversified Gateway Bhd (DGB) — bagged a RM9.43 million contract from TM Tech with a contract period of six years with an expected completion date of June 2, 2029.
As the closing bell rang, Divfex shares remained unchanged at 12 sen, giving the group a market valuation of RM89.49 million.