KUALA LUMPUR: The Media Shoppe Bhd (TMS) has been appointed a subcontractor for the automatic fare collection system (AFC) for KTM Bhd’s (KTMB) commuter stations.
In a filing with Bursa Malaysia yesterday, TMS said it had received a letter of award dated Feb 8, 2012 from Hopetech Sdn Bhd appointing it as subcontractor to work on the RM85.88 million project which involves designing, manufacturing, supplying, installing and commissioning of the AFC system.
Hopetech was given a letter of award by the Transport Ministry on Dec 21 appointing it a contractor for the RM85.88 million contract.
“According to Hopetech, the letter of award from the MoT is still valid and the project has commenced in January 2011, and is expected to complete in April 2012,” said TMS in a statement.
TMS closed at 24 sen yesterday, with 41.6 million shares traded. At 24 sen, it is still 155% higher than the stock’s 52-week average price of 9.4 sen.
This article appeared in The Edge Financial Daily, February 9, 2012.
In a filing with Bursa Malaysia yesterday, TMS said it had received a letter of award dated Feb 8, 2012 from Hopetech Sdn Bhd appointing it as subcontractor to work on the RM85.88 million project which involves designing, manufacturing, supplying, installing and commissioning of the AFC system.
Hopetech was given a letter of award by the Transport Ministry on Dec 21 appointing it a contractor for the RM85.88 million contract.
“According to Hopetech, the letter of award from the MoT is still valid and the project has commenced in January 2011, and is expected to complete in April 2012,” said TMS in a statement.
TMS closed at 24 sen yesterday, with 41.6 million shares traded. At 24 sen, it is still 155% higher than the stock’s 52-week average price of 9.4 sen.
This article appeared in The Edge Financial Daily, February 9, 2012.
