Sasbadi Holdings announced that is has accepted a Letter of Acceptance from the Ministry of Education to supply reprinted textbooks to schools from Year 2024 – Package 15, at an estimated contract value of RM6.8 million.
Additionally, its indirectly-owned subsidiary, The Malaya Press Sdn Bhd had also signed and accepted a Letter of Acceptance from the MoE to supply reprinted textbooks to schools under the MoE from Year 2024 – Package 18, at an estimated contract value of RM4.8 million.
SSB and TMP are expected to deliver the first tranche of the Contracts, worth approximately RM5.85 million in total to the schools throughout Malaysia, in the first quarter of the financial year ending 31 August 2025. In this regard, the group said these Contracts are expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2025 and onwards, during the duration of these Contracts.