Saturday 20 Apr 2024
By
main news image

KUALA LUMPUR (Oct 29): HeiTech Padu Bhd, in which Permodalan Nasional Bhd has a 27.54% stake, announced today that it has been awarded a government contract to maintain the Road Transport Department's wide area network connectivity and services, worth RM10.3 million.

This job brings its total contract value clinched this year to RM292.03 million.
 
In an announcement to the local bourse, HeiTech said the one-year contract, the sixth job it has bagged this year, will end on July 25, 2015.
 
"Any further renewal or extension of the duration is at the discretion of the government," it said in a filing to Bursa Malaysia.
 
On financial implications, HeiTech said the contract is expected to contribute positively to its future earnings.
 
HeiTech padu closed at 65 sen today, giving it a market capitalisation of RM65.8 million.

      Print
      Text Size
      Share