KUALA LUMPUR: TechStore Bhd’s wholly-owned subsidiary, Tech-Store Malaysia Sdn Bhd (TSM), accepted a letter of award (LoA) from the Ministry of Home Affairs for the upgrade of the records system of the National Registration Department in Putrajaya for a total contract value of RM54.78 million.
According to a Bursa Malaysia filing, the contract, received through the LoA dated February 10, 2026, will run for 60 months, commencing on July 8, 2026.
The LoA is expected to positively impact TechStore’s and its subsidiaries’ future earnings throughout the contract period and will not affect the group’s share capital or the shareholdings of its substantial shareholders.
TSM provides and distributes professional project contracting services for software and hardware related to security and information and communication technology (ICT) products.
The board does not foresee any significant risks arising from the LoA beyond the usual operational risks associated with contract execution, the filing noted.
None of the directors, major shareholders, or persons connected to them has any direct or indirect interest in the LoA.
After due consideration, the board is of the opinion that the LoA is in the best interest of the TechStore Group.
TechStore filing noted that the LoA is entered into in the ordinary course of business and is not subject to shareholders’ approval.
