KUALA LUMPUR (June 1): Ipoh-based transport terminal and bus operator Perak Transit Bhd has appointed edotco Malaysia Sdn Bhd to provide services related to in-building and telecommunications solutions and structures in designated buildings or lands owned by Perak Transit’s units. In a bourse filing on Wednesday (June 1), Perak Transit announced that the company entered into a strategic alliance agreement with edotco Malaysia to appoint the latter to provide the services to build, erect, install, construct, maintain and operate the relevant in-building solutions. Perak Transit noted it aims to drive modernised and sustainable urban transport services and solutions with strong digitisation initiatives to better serve all its stakeholders. "In collaboration with edotco Malaysia, it allows Perak Transit to further diversify into more innovative leasing ideas, while increasing the monetisation potential of its existing asset base. Perak Transit attributed the higher earnings mainly to higher contribution from the integrated public transportation terminal operations and bus operations.

Source: The Edge Markets June 01, 2022 23:28 UTC