DNex accepts RM59.36m contract from AG's Dept

The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

KUALA LUMPUR: Dagang Nexchange Bhd (DNex)'s 60% owned subsidiary, Innovation Associates Consulting Sdn Bhd, has accepted a RM59.36mil contract for the maintenance of the Accountant General's Department's accounting system, iGFMAS.

The one-year contract will expire on Aug 9, 2019.

According to DNex, the contract is expected to contribute positively to the future earnings and net assets per share of the group.

At 5pm, DNex closed one sen or 2.74% lower at 35.5 sen on the back of 8.17 million shares done.