MyEG wins 5-year concession

KUALA LUMPUR: MyEG Services Bhd has been awarded a five-year concession to provide online renewal of temporary employment pass for foreign workers, valued at RM553.85 million. In a filing, the company said the concession would run from May 23 2015 to May 22 2020 and was renewable upon expiry subject to the government's approval. It expected the concession to contribute positively to the earnings and net assets per share of the company for the financial years ending June 30 onwards until the expiry of the project.