PETALING JAYA: Sasbadi Holdings Bhd
has accepted two letters of acceptance from the Education Ministry (MoE) totalling RM11.7mil to supply reprinted textbooks.
In a filing with Bursa Malaysia, Sasbadi said its wholly-owned subsidiary, Sasbadi Sdn Bhd (SSB), had accepted a letter of acceptance from the MoE worth RM6.89mil to supply reprinted textbooks to schools under the MoE from Year 2024 - Package 15.
Additionally, Sasbadi said its indirectly-owned subsidiary, The Malaya Press Sdn Bhd (TMP), had accepted a letter of acceptance from the MoE to supply reprinted textbooks to schools under the MoE from Year 2024 - Package 18, worth RM4.82mil.
“The contracts are for the period from Aug 5, 2024 to Aug 4, 2026.
“SSB and TMP are expected to deliver the first tranche of the contracts, worth approximately RM5.85mil in total to the schools throughout Malaysia, in the first quarter of the financial year ending Aug 31, 2025.”
In this regard, Sasbadi said these contracts are expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending Aug 31, 2025 and onwards, during the duration of the contracts.
