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DNeX subsidiary bags RM42.75 mln contract from IRB

Last update: 19/11/2019
KUALA LUMPUR, Nov 19 -- Dagang NeXchange Bhd (DNeX) through its indirect 60 per cent-owned subsidiary, Innovation Associates Consulting Sdn Bhd (IAC), has secured a contract worth RM42.75 million from the Inland Revenue Board of Malaysia (IRB) to re-engineer the tax self-assessment system.

Under the contract, IAC will be responsible for software and support services for the development of the application and software maintenance of the tax self-assessment system.

In a filing to Bursa Malaysia, DNeX said the contract was for three years starting from Dec 1, 2019, to Nov 30, 2022.

“This project further cements DNeX’s efforts to strengthen the company’s System Integration and Consultancy business to become a key lever of growth.

“We will continue to aggressively pursue new projects in the public and private sectors locally and overseas,” said DNeX executive deputy chairman Datuk Samsul Husin.


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