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ITMAX System Bhd's subsidiary, Selmax Sdn Bhd, secured a 10-year contract, with a possible 5-year extension, to manage the Selangor Intelligent Parking (SIP) system for the Shah Alam City Council (MBSA). Selmax will manage parking and compounds, with revenue shared between Selmax (50%), MBSA (40%), and system provider RMSB (10%). The contract is expected to positively impact ITMAX's earnings.
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