Oppstar Technology, a subsidiary of Oppstar (KLSE:OPPSTAR), has received a letter of offer for the Compute Subsystem Access Token under the Malaysian Investment Development Authority (MIDA), according to a Friday filing to the Malaysian bourse.
The company's shares were up over 8% in recent trade.
The offer letter is for the allocation of an Arm Compute Subsystem access token under the strategic cooperation program between the Government of Malaysia and Arm Limited for telecommunications and data center applications.
The company said it is currently reviewing the terms, conditions, and operational parameters of the offer.
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