The extended contracts will run from May 23, 2023 to May 22, 2026.
The contract extension is projected to improve the group’s earnings and net assets per share for the 2023 financial year onward.
MyEG and its wholly owned subsidiary MyEG Sdn Bhd had each received the letter of extension from JPJ today, the group said in a filing with Bursa Malaysia.“The estimated total value of the extension will be dependent on the number of transactions performed over this period. An agreement to formalise the extension will be signed and announced by the company in due course,” MyEG said in the filing.
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