KUALA LUMPUR (July 1): My E.G. Services Bhd (MyEG) said today that it has received a three-year extension from the Government to provide the foreign worker temporary employment pass online renewal service worth an estimated RM208 million.
In a filing today, MyEG said it received a notification letter from the Ministry of Home Affairs today on the extension, which is effective from May 23, 2020 to May 22, 2023.
The provision is for renewal of the pass — known as pas lawatan kerja sementara (PLKS) — under the Immigration Department.
“The terms of renewal are not stated in the Letter and an agreement to formalise the Extension will be signed and announced by the Company in due course,” said MyEG.
The concession was first issued on January 5, 2017 and was temporarily extended by the Ministry on May 22, 2020 until yesterday (June 30) pending the final decision from Putrajaya.
MyEG also provides another e-government service for Jabatan Pengangkutan Jalan (JPJ) for services pertaining to vehicle registration, licensing and summons payment.
Talks with the Government on renewal for that concession have not been finalised, MyEG said yesterday, and it will continue to provide the service until further notice.
Shares of MyEG jumped 10 sen or 7.04% in the final hour of trading to close at RM1.52, valuing the group at RM5.25 billion.