AwanBiru Technology Berhad (Awantec) has recorded a Consent Judgment with the Government of Malaysia (GOM) for the sum of RM201.45 million. This settlement brings a definitive conclusion to all legal matters related to the Sistem Kawalan Imigresen Nasional (SKIN) project, eliminating uncertainties and enabling the Company to fully concentrate on driving future growth.
“This resolution marks a pivotal moment for Awantec, providing both certainty and expedience. With this settlement, we can now fully focus on our growth drivers, particularly in AI and Cybersecurity, while investing in the enhancement of our technical capabilities to drive innovation. The one-time lump sum payment not only enables us to settle outstanding SKIN-related creditors but will also contribute positively to our cash flow”, said Encik Azlan Zainal Abidin, CEO of Awantec.
Awantec’s core business strategically focuses on both Technology and Talent segments, leveraging its Google Premier Partner status, and its partnership with global technology leaders such as Skillsoft, Sage and others. Recently, Awantec launched Awantax, a MDEC-accredited e-invoicing solution that supports Malaysia’s mandatory e-invoicing initiative. The Company has also secured a one-year extension for Malaysia’s Cloud Framework Agreement (CFA), reinforcing its commitment to the nation’s cloud initiatives.
The Company’s continued success in securing high-profile deals, including those for MyGovUC 3.0, as well as projects with the Ministry of Education (MOE) and the Ministry of Higher Education (MOHE), reinforces its position as a leading enabler of digital transformation and talent development. Awantec continues to pursue opportunities in AI, cybersecurity, cloud services, digital transformation, and IT solutions across both public and commercial sectors, aligning its efforts with Malaysia’s digital agenda.
About AwanBiru Technology Berhad (AWANTEC) www.awantec.my
Awantec is a leading technology and talent digitalisation enabler, providing multi- cloud management services and lifelong learning talent lifecycle services to drive Malaysia’s digital transformation. The company’s core business revolves around the convergence of technology and human talent, leveraging the latest advancements through collaborations with global partners such as Google, Zoom, Skillsoft, Rocheston, Adobe, and more.
(Adapted from a press release).
