Bursa Announcement:
The Board of Directors of Opcom Holdings Berhad (“Opcom”) wishes to announce that its subsidiary, Opcom Cables Sdn. Bhd. has accepted a RM11.157 million Letter of Award – Contract “Rakan Unifi” for Unifi Service Installation and Restoration from Telekom Malaysia Berhad (“Telekom”) on 14 May 2018 for the provision of works and services to Telekom for a period of eighteen (18) months commencing from 2 July 2018 to 31 December 2019 (“Award”).
Financial Effect
The Award is expected to contribute positively towards Opcom Group’s earnings and net assets for the period of the Award.
Risks
The risk factors which may affect the Award include but not limited to ordinary business risks, competition risks, operation risks, economic risks and regulatory risks.
Directors and Substantial Shareholder’s Interest
None of the Directors and Substantial Shareholders of Opcom and/or subsidiaries or any persons connected to them has any interest, direct or indirect, in the Award.
This announcement is dated 31 July 2018.