Heitech Padu rises 5.73% on bagging RM14.4m IRB contract

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KUALA LUMPUR (Feb 4): Heitech Padu Bhd rose 5.73% this morning after it bagged a RM14.4 million, two-year contract from the Inland Revenue Board to renew the software licence for the board’s mainframe systems.

At 9.10am, Heitech Padu rose 4.5 sen to 83 sen with 181,400 shares traded.

The contract is effective Feb 1, with group adding it will have positive effects for its future earnings.