KUALA LUMPUR: AwanBiru Technology Bhd's (Awantec) stock price jumped 8.7 per cent to 38 sen on news of it bagging a RM294 million job from Redtone Engineering & Network Services Sdn Bhd.
Some 4.9 million shares changed hands.
Trading in the company's shares were halted this morning until 10am following the announcement of its unit Awantec Systems Sdn. Bhd signing a RM294.27 million service agreement with Redtone Engineering.
The service agreement spans a duration of 57.5 months, from Feb 14, 2024, to Nov 30th, 2028.
ASSB will be providing Cloud computing solutions and services, which includes products such as Google Workspace Enterprise and Google Cloud Platform, for the rollout of MyGovUC3.0.
MyGovUC 3.0 is a continuation of the government's unified communication and collaboration project to increase the productivity and quality of public service delivery.
Awantec was classified an "affected listed issuer" in January 2021 after it lost a major lost partnership deal.
It has until April 13, 2024 to submit its regularisation plan to the relevant regulatory authorities for approval.