Princess City Council of Rouyi District appoints ITMAX to manage parking spaces
Princess City Council, Rouyi District
Appointing ITMAX to manage parking spaces
ITMAX system $ITMAX(5309.MY$ Appointed by the Iskandab Princess City Council, it is mainly responsible for operating smart parking lots for a period of 15 years.
The company reported to the Burma Malaysia Exchange on Tuesday that it holds 65% of Southmax Private Limited (SSB) and was appointed today.
The company said that as an intelligent parking operator, it will be responsible for a total of 30,000 2025 roadside parking spaces for a period of 15 years, from June 1 this year until May 31, 2039.
According to the statement, 70% of the proceeds from this will be owned by the SSB, and the rest will be delivered to the city council.
Furthermore, the company will be responsible for all development, operation and maintenance of all intelligent parking systems.
Source: Nanyang Siang Pao
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When the market closed, the ITMAX system reported RMXX, up XX%, and traded XX shares.
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