Outsourcing Services Agreement
Rexit Berhad ("Rexit" or the “Company") is pleased to announce that Rexit Software Sdn Bhd (“Rexit Software”), a wholly-owned subsidiary of the Company, had on 25th March 2019 entered into an Outsourcing Services Agreement (“Agreement”) with Great Eastern Takaful Berhad (“GETB”) to develop, manage and operate the mySalam portal for the eligible members. Rexit Software Sdn Bhd and Great Eastern Takaful Berhad (“GETB”) shall individually be referred to as “Party” or collectively as “Parties”).
SCOPE OF SERVICES
The scope of services includes the development, operation, management and maintenance of the mySalam portal for eligible members to access for enquiries and claim submission.
The Agreement will not have any effect on the share capital and shareholding structure of the Company but is expected to contribute positively to the earnings of the Company and enhance net assets per share of the group for the financial year ending 30 June 2019 and onwards until the expiry of the Agreement.
RISKS IN RELATION TO THE AGREEMENT
Rexit does not foresee any exceptional risk other than the normal operational risks associated with the Agreement. Rexit will take the necessary steps to mitigate the risks as and when it occurs.
DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of the Company has any direct or indirect interest in the Agreement.
STATEMENT BY DIRECTORS
The Board of Directors of the Company is of the opinion that the acceptance of the Agreement is in the best interest of the Company
This announcement is dated 25th March 2019.
|Company Name||REXIT BERHAD|
|Date Announced||25 Mar 2019|
|Category||General Announcement for PLC|