Techstore secures RM15.9m ICT maintenance deal from Home Ministry
PUCHONG: Enterprise IT services provider TechStore Bhd, via its wholly-owned subsidiary, Tech-Store Malaysia Sdn Bhd, has accepted a letter of award (LoA) from the Ministry of Home Affairs to provide maintenance and support services for the software and hardware of information, communication, and technology (ICT) to the Royal Malaysian Police for RM15.9 million.
TechStore managing director Eugene Tan Hock Lim said the home ministry entrusted the company with critical ICT maintenance services, reflecting its proven capabilities in enterprise IT solutions and commitment to delivering reliable and responsive support services.
'We remain focused on upholding the highest standards of service quality to support the operational efficiency of key government agencies,' he said in a statement.
The LoA will further strengthen the group's order book, which currently encompasses enterprise IT services for Malaysian government agencies, as well as major infrastructure projects such as the LRT3 and the RTS Link between Malaysia and Singapore.
'At TechStore, we are committed to supporting the nation's progress toward a digital transformation economy by providing critical IT security and automation solutions that are localised and customised to meet our customers' needs — covering the full spectrum from consultation and assessment to solution design, hardware and software procurement, implementation, as well as maintenance and support,' Tan said.
TechStore's project pipeline remains robust, supported by a tender book of RM647.2 million as of Dec 31, 2024.
The group's strengthening track record in the public and infrastructure sectors continues to enhance its market presence and position it to secure larger and more complex projects.
Meanwhile, given the group's domestic focus, TechStore's operations are not materially affected by international trade tariffs.
To recap, TechStore was listed on the ACE Market of Bursa Malaysia on Feb 18, 2025 and has successfully raised a total of RM25.0 million in proceeds.
Tan said group's strengthening track record in the public and infrastructure sectors continues to enhance its market presence and position it to secure larger and more complex projects.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
5 hours ago
- The Sun
iCents Group signs IPO underwriting agreement with Alliance Islamic Bank
KUALA LUMPUR: Cleanroom and facility services provider iCents Group Holdings Bhd has inked an underwriting agreement with Alliance Islamic Bank Bhd in conjunction with its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia by July. It said in a statement the IPO encompasses a public issuance of 112.5 million new ordinary shares, representing 22.5% of its enlarged issued share capital, as well as an offer for sale of 30 million existing shares, representing 6% of its enlarged issued share capital. 'Out of the 112.5 million issue shares, 25 million shares will be made available to the Malaysian public via balloting, with 10 million shares to its eligible directors, employees and persons who have contributed to the success of the group, 15 million shares will be made available by way of private placement to selected investors, while 62.5 million shares will be made available by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry,' it said. Additionally, 30 million offer shares will be for selected investors by way of private placement. Group managing director Ong Mum Fei said the signing of the underwriting agreement with Alliance Islamic Bank would provide the company with the financial resources and flexibility needed to accelerate its strategic growth plans. 'As we expand our capabilities, we are committed to enhancing our competitive position within Malaysia's cleanroom industry, as well as executing our geographical market expansion plans in Indonesia, Singapore and Sarawak, through the IPO proceeds,' he said. Meanwhile, executive director Foo Siang Leng said the outlook of the cleanroom industry is positive, supported by steady growth in the semiconductor and electronics, data centre, pharmaceutical and food and beverage sectors, alongside the initiatives under Malaysia's New Industrial Master Plan 2030. 'We aim to capitalise on these opportunities through our growing involvement in these key industries by expanding our operational capabilities, expanding market reach and broadening our product range and addressable markets,' he said. – Bernama
The Sun
5 hours ago
- The Sun
Che Wan Group's partnership with Oasis Harvest a recipe for expansion, future growth
PETALING JAYA: Chef Wan Group's strategic partnership with Oasis Harvest Corporation Bhd is a major milestone in its next phase of growth, reinforcing its position as a beloved national culinary brand and propelling the group's future ambitions. Oasis Harvest, through investment holding company Metta Food & Lifestyle Sdn Bhd – a Malaysia-based investment company with a strong focus on developing, scaling, and nurturing premium food and beverage brands – is deeply involved in the growth and strategic development of Chef Wan Group, which includes renowned dining concepts such as 1958 and Cafe Chef Wan. Metta Food CEO and managing director of Chef Wan Group Andre Shum Khum Yuin said this exercise will allow the company to enhance the reach of Datuk Redzuawan Ismail's (Datuk Chef Wan) brand and continue its mission of sharing his culinary legacy with more people. 'With Oasis Harvest's support and partnership, we are confident that CWG (Chef Wan Group) will thrive and expand to new markets,' he said in a statement. Metta Food, with its expertise in the food and beverage sector and understanding of emerging culinary trends, together with Datuk Chef Wan, plays a role in elevating the group's brands while maintaining a close partnership with Datuk Chef Wan, whose culinary vision continues to shape the brand's identity. Chef Wan Group is known for its iconic dining experiences such as 1958 by Chef Wan and Cafe Chef Wan. Datuk Chef Wan, who remains actively involved in the direction of the brand, said, 'I'm honored to remain a guiding force behind the brand as we embark on this next phase. Our goal is clear: to preserve and celebrate Malaysia's culinary traditions while expanding our reach to food lovers everywhere and internationally.' As a 20% stakeholder in Chef Wan Group through Metta Food's subsidiaries, Datuk Chef Wan continues to play an integral role in shaping the brand's future, ensuring that his culinary vision remains central to its ongoing success. This exercise represents a significant development for Chef Wan Group, providing the necessary resources to propel the Chef Wan brand forward and strengthen its position in the culinary scene. Datuk Chef Wan's legacy remains central to its identity, and he continues to be an integral part of the group's growth. Chef Wan Group is excited about the partnership and opportunities ahead, and the brand's core values of quality, authenticity, and excellence will continue to guide its growth, as the group remains dedicated to representing Malaysia's rich culinary heritage consistently. 'We are immensely proud of CWG's success as a Malaysian-born brand,' said Shum. 'This exercise is not about changing who we are; it's about enabling the brand to grow and reach more people while remaining true to our roots.' With the continued support of its loyal patrons and stakeholders, Chef Wan Group is poised to expand its presence and elevate Malaysian cuisine.
New Straits Times
5 hours ago
- New Straits Times
Former MACC chief questions legality of second seizure of Ilham Tower
Former Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Dzulkifli Ahmad has questioned the legality of the second seizure of Ilham Tower, suggesting the move may exceed the bounds of Malaysian law. Now a practising lawyer, Dzulkifli pointed out that the asset had already been seized under Section 38(1) of the MACC Act on Dec 18, 2023. He said action under Section 38 requires the Deputy Public Prosecutor (DPP) to be satisfied that the asset in question - Ilham Tower - either constitutes the proceeds of, or is evidence related to, a corruption offence. "If no charges are brought or civil forfeiture proceedings initiated before June 17, 2025 - the end of the statutory 18-month period - it raises a fundamental question as to whether the original seizure was justified," he said in a statement today. Dzulkifli, the MACC's third chief commissioner, added that although the MACC Act and the Anti-Money Laundering Act (AMLA) operate under different legal frameworks, two overlapping seizure orders on the same property may be seen as an overreach of authority. "This is because legal powers must be exercised based on necessity, fairness, and proportionality," he said. It was reported yesterday that Ilham Tower, located on Jalan Binjai, had once again been seized by MACC. The commission said it had obtained approval from the DPP to seize the building, which is linked to the late former finance minister Tun Daim Zainuddin. According to the agency, the latest seizure was carried out via an Immovable Property Seizure Notice dated June 4, 2025, under Section 51(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA). Dzulkifli said enforcement actions must be grounded in clear legal thresholds, not procedural convenience. "If AMLA is invoked merely to maintain control of the asset as the earlier MACC order nears expiry, it may undermine the rule of law and call into question the legitimacy of the original seizure," he said. He also noted that the absence of further action by June 18 would suggest that Ilham Tower was never genuinely linked to a corruption offence under the MACC Act. "This raises a critical question: why is there now a need for a new seizure order under Section 51 of AMLA? What new evidence, if any, justifies this action?" he asked. He added that the Ilham Tower case presents a significant test of how far enforcement and prosecutorial powers may be exercised within the law. "With the June 17 deadline approaching, all eyes are on the DPP's next move. Will there be a charge? Forfeiture? Or will the order lapse - signalling that the asset was wrongly targeted from the outset?" he said.
