General Announcement
Financial Results
Reference No O&-080930-56540 |
| Submitting Merchant Bank |
: |
KENANGA INVESTMENT BANK BERHAD |
| Company Name |
: |
REXIT BERHAD (MESDAQ Market) |
| Stock Name |
: |
REXIT |
| Date Announced |
|
30/09/2008 |
|
 |
|
| Type |
: |
Announcement |
| Subject |
: |
REXIT BERHAD (“REXIT” OR “COMPANY”)
PROVISION OF INFORMATION TECHNOLOGY (“IT”) SERVICES TO THE FEDERATION OF MALAYSIAN UNIT TRUST MANAGERS |
|
Contents :
On behalf of the Company, Kenanga Investment Bank Berhad (“Kenanga”) is pleased to announce that the Federation of Malaysian Unit Trust Managers (“FMUTM”) has issued a Letter of Intent to appoint Rexit Software Sdn Bhd, a wholly owned subsidiary of Rexit, as the vendor to develop and implement the e-Unit Trust system. (“e-PPA”)
The Company will announce the details of the appointment upon the execution of the necessary agreements.
The e-PPA system aims to enable on-line transactions of unit trusts for the member companies of FMUTM. Leveraging on its e-Cover infrastructure, Rexit Software Sdn Bhd, will develop and implement an IT system on a ‘pay per use’ model to the participating FMUTM companies, whereby fees will be collected on a per transaction basis.
This announcement is dated 30 September 2008.
© 2008, Bursa Malaysia Berhad. All Rights Reserved.