HeiTech Padu reorganises to get back on track

shares in IT provider HeiTech Padu Bhd gained ground in early trade on Monday, but has since cooled down following its reply to an unusual market activity (UMA) query by Bursa Malaysia. Yesterday, HeiTech Padu closed four sen lower at RM1.24. In a response to the UMA query on Monday, HeiTech Padu said it was not aware of any possible explanation to account for the unusual trading activity. On Friday, shares in HeiTech Padu hit limit-up after rising 30% or 31 sen

PETALING JAYA: After a tough financial year 2018 (FY18), Heitech Padu Bhd is looking towards FY19 with renewed optimism.

The information technology services provider has put in place a strategy to get the company back on track after reporting a wider net loss of RM36.8mil in FY18, from RM15.3mil in the previous year.