• Gunung Capital’s (GC) wholly-owned subsidiary GPB Corp, has accepted a letter of award from the defence ministry to provide bus transportation for the armed forces personnel’s children to and from the nominated schools nationwide.
  • The company charters land-based vehicles such as coaches, vans and four-wheel drives.
  • The RM43.9 million contract comprise of a three-year service tenure, from 1 January 2017 till 30 November 2019.
  • The company estimates that 233 units of 44-seater buses and 85 units of 25-seater buses will be needed to fulfil its obligations under the service contract, which consist of a scope including 76 armed forces camps over 10 zones.

Significance: GC noted that the contract is expected to contribute positively towards its earnings for the financial year 2017 till 2019.

Get weekly updates from us

Build your wealth. Start now.

Enjoying our content? You might want to subscribe to our weekly newsletter.
Hand-picked content and wealth-building resources for you.

Editor's Picks