KUALA LUMPUR (Oct 1): Prestariang Bhd has secured a one-year contract extension by the Ministry of Education (MoE) to supply Microsoft software licences to all public higher education institutions under the Ministry for RM11.63 million.
The contract extension for the “Managing University Software as an Enterprise” (MUSE) programme commenced from July 3 this year and will continue until July 2, 2019, Prestariang said today.
It is the third extension that the MoE has granted to Prestariang under the work scope since the contract was first announced in August 2011.
“The extension of contract is expected to contribute positively to the future earnings, net assets per share and gearing of Prestariang Group,” it said.
Shares of Prestariang lost four sen or 3.85% to close at RM1, giving the group a market capitalisation of RM503.36 million.