In its filing to the SGX on Monday, Sysma says its new contract will span sixteen months commencing from the date of approval from the relevant authorities, which it anticipates to receive by April 2019.
Sysma does not anticipate the contract to have a material impact on the group’s NTA per share for the current financial year.
Shares in Sysma closed 4.05% lower at 14 cents on Monday.
