HeiTech up 3.17% on bagging smart parking systems contracts

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KUALA LUMPUR (April 25): HeiTech Padu Bhd shares rose 3.17% this morning after it bagged two contracts to develop and manage smart parking systems on Penang Island and Seberang Perai.

At 9.05am, HeiTech added 3 sen to 97.5 sen with 2.02 million shares traded.

The group accepted the Letters of Award from Majlis Bandaraya Pulau Pinang (MBPP) and Majlis Perbandaran Seberang Perai (MPSP) today.  The contracts are revenue-sharing concessions between HeiTech and MBPP and MPSP respectively, based on agreed parking rates.