<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 2): Edaran Bhd has secured a RM356.56 million contract to provide hardware and software rental services to the Royal Malaysian Customs Department, its Bursa Malaysia filing showed on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>The technology company said its wholly-owned Edaran IT Services Sdn Bhd secured the 48-month contract from the Ministry of Finance (MOF), and that the letter of award was accepted on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>“Proceeds from the contract shall contribute towards the earnings of the group for the financial year ending June 30, 2024 (FY2024) until June 30, 2028 (FY2028),” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Edaran’s substantial shareholders are Valiant Chapter Sdn Bhd, with a 23.8% stake, Kauthar Sdn Bhd (8.17%) and Unique Pyramid (7.93%).</p></div>

<div class=newsTextDataWrapInner><p>Valiant Chapter is wholly-owned by Zamri Samsuddin, while Unique Pyramid is owned by Ruzila Ab Kadir, according to checks with the Companies Commission Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Kauthar, meanwhile, is 95%-owned by Edaran’s founder, previously prominent corporate figure Tan Sri Tajudin Ramli, while the remaining 5% is held by his spouse Puan Sri Faridah Abdullah. Tajudin’s son, Fazlan Azri Tajudin, sits on the company’s board as an executive director.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Edaran closed 4.5 sen or 5.17% higher to 92 sen on Tuesday, giving it a market capitalisation of RM54.90 million.</p></div>


Edaran Bhd has secured a RM356.56 million contract to provide hardware and software rental services to the Royal Malaysian Customs Department, its Bursa Malaysia filing showed on Tuesday.

Edaran bags RM356.56 mil contract to provide hardware, software rental services to Customs Dept

The South Korean won dropped to its weakest level in 15 years on Thursday, weighed down by risk-averse sentiment after the US Federal Reserve's cautious stance on more interest rate cuts, as well as domestic political uncertainty.

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