Shares of Prestariang Group Bhd jumped by 20.78% today after the company received a contract worth about RM50 million from the Menteri Besar of Selangor (Inc) (MBI) to develop and implement the Selangor Career Program.
This morning, the company's most active stocks traded up 8 sen to 46 sen. Shares year to date (YTD) Prestariang also jumped about 27%.
The contract was given to its wholly-owned subsidiary, Prestariang Systems Sdn Bhd (PSSB).
According to Prestariang Group's statement to Bursa Malaysia yesterday, the company informed that the tasks to be performed by PSSB include recruiting, training and arranging career placements for 10,000 job seekers living in Selangor as well as graduates from educational institutions in the state.
Under the program, PSSB will provide analysis and intelligence to the Selangor government to increase employment opportunities for residents in the state in the future.
The three-year contract has been in effect since November 1.
The actual value of the contract is based on the number of trained candidates and job placement during the contract period.
