OCK Group Bhd (OCK) has won a contract worth RM48.73 million from the Education Ministry to lease ICT hardware to schools in Sarawak.

The laptops will be used for teaching and learning purposes in MOE's school computer laboratories, specifically for Phase 3 in Sarawak, the company said in an exchange filing yesterday (Nov 8).

It's wholly-owned subsidiary, OCK Setia Engineering Sdn Bhd, has received the letter of acceptance for the 65-month agreement ending in March 2029.

The timeline covers four months for supply, installation, testing and hardware commissioning, followed by 60 months of leasing for the laptops and a one-month return period.

In ax exchange filing yesterday (Nov 8), OCK said it anticipated that the contract will make a positive contribution to the company's earnings per share and net assets per share from the financial year ending in 2024 onwards.

OCK is a telecommunications infrastructure and services provider with a presence in Malaysia, Myanmar, Vietnam and Indonesia.

The counter yesterday closed at 40 sen, giving it a market capitalisation of RM417 million.