Home Economy Business Omesti unit secures RM14.44m JPJ contract

Omesti unit secures RM14.44m JPJ contract

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PETALING JAYA: Omesti Bhd’s indirect 51%-owned subsidiary Formis Network Services Sdn Bhd (FNS) has bagged a RM14.44 million contract from the Road Transport Department (JPJ) for the Automated Awareness Security System (AwAS) project.

The project is for a duration of 18 months, commencing on Sept 14, 2020 to March 13, 2022.

The contract is subject to the acceptance of the letter of award by FNS and a formal agreement to be entered into between JPJ and FNS.

It is expected to contribute positively to the revenue, earnings per share and net assets per share of Omesti group.