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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sattrix's Malaysian joint venture (Sattrix Information Security SDN. BHD., formed in November 2024 with Cloud IOT SDN. BHD.) has secured its first work order for Managed Security Operations Center (SOC) services. The order was received from Nimbus Cloud SDN BHD, with the end-client being Pelabuhan Tanjung Pelepas SDN BHD, a major Malaysian port operator. This marks the official commencement of the JV's operations in Malaysia. The JV is a licensed cybersecurity provider under Malaysia's Cyber Security Act 2024, authorized by NACSA to serve Government, CNII sectors, GLCs, and regulated industries including Oil & Gas, BFSI, and Utilities.
Positive for the stock as it confirms international expansion and the first operational milestone for the Malaysian JV, potentially opening a steady revenue stream. However, no contract value or revenue quantum has been disclosed, making it difficult to gauge the actual financial impact on the listed entity.