{"id":33526,"date":"2023-07-10T04:16:59","date_gmt":"2023-07-10T08:16:59","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/my-e-g-services-shares-jump-on-immigration-contract-extension\/"},"modified":"2023-07-10T04:17:00","modified_gmt":"2023-07-10T08:17:00","slug":"my-e-g-services-shares-jump-on-immigration-contract-extension","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=33526","title":{"rendered":"My E.G. Services Shares Jump on Immigration Contract Extension"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230709-700995\" role=\"document\">\n<p>By Ying Xian Wong<\/p>\n<pre><\/pre>\n<p>My E.G. Services shares rose early Monday after news that it secured an extension for its contract to provide immigration-related services for the Malaysian government.<\/p>\n<p>Shares of the digital-services company jumped as much as 8.3% and were recently 5.6% higher at 0.75 ringgit ($0.16), trimming 12-month losses to 9.8%.<\/p>\n<div class=\"paywall\">\n<p>My E.G. Services said late Friday that the Ministry of Finance has agreed to extend its role as the provider of online services for the country&#8217;s immigration department, and has also appointed it as the collection agent for government revenue.<\/p>\n<p>The terms of the contract will be finalized at a later date, the company said in a bourse filing, adding that it doesn&#8217;t anticipate any issues in formalizing the agreement.<\/p>\n<p>The extension is likely to benefit both earnings and net assets per share for 2023 onward, it said.<\/p>\n<p>My E.G. Services&#8217; previous immigration-services contract ran from May 23, 2020 to May 22, 2023, and had an approximate value of MYR208 million.<\/p>\n<pre><\/pre>\n<p>Write to Ying Xian Wong at yingxian.wong@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/my-e-g-services-shares-jump-on-immigration-contract-extension-a4b40693?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ying Xian Wong My E.G. Services shares rose early Monday after news that it secured an extension for its contract to provide immigration-related services for the Malaysian government. Shares of the digital-services company jumped as much as 8.3% and were recently 5.6% higher at 0.75 ringgit ($0.16), trimming 12-month losses to 9.8%. My E.G. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-33526","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>My E.G. Services Shares Jump on Immigration Contract Extension | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Ying Xian Wong My E.G. 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