Business

MYEG gets 3-year extension for e-govt services concession

Agreement is for period ending May 22, 2023

Updated 5 years ago · Published on 04 Dec 2020 4:11PM

MYEG gets 3-year extension for e-govt services concession

KUALA LUMPUR – MY E.G. Services Bhd’s (MYEG) concession agreement for the provision of e-government services has been extended by three years, to May 22, 2023.

In a filing with Bursa Malaysia today, the company said it received a letter on the extension from the Transport Ministry yesterday.

The services include the electronic delivery of vehicle registration; driver and vehicle licensing; and, payment of summonses. 

The MYEG board of directors expects the extension to contribute positively to the company’s earnings and net assets per share moving forward. – Bernama, December 4, 2020

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