HeiTech Padu wins RM34m contract from Immigration Department 

HeiTech Padu wins RM34m contract from Immigration Department 
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KUALA LUMPUR (March 1): Heitech Padu Bhd has won a RM33.92 million contract to provide maintenance services for the Malaysian Immigration System (myIMMs).

The technology services provider said it signed the three-year contract with the Immigration Department today. The contract period started on Feb 18.

“The contract is expected to have positive effects on future earnings and earnings per share of HeiTech. 

“Nevertheless, the contract will have no material effect on the dividend policy, share capital and substantial shareholdings of the company for the financial year ending Dec 31, 2021,” it added. 

Shares of Heitech Padu settled one sen or 0.65% higher at RM1.56, valuing the group at RM157.91 million. Since a year ago, the stock is up 69.57%. 

S Kanagaraju