MyEG acquires 14.4% stake in HeiTech Padu for RM31.25mil

KUALA LUMPUR: My E.G. Services Bhd’s (MyEG) wholly-owned subsidiary, My E.G. Capital Sdn Bhd, has acquired 14.40% equity interest in Heitech Padu Bhd for RM31.25mil cash.

In a filing with Bursa Malaysia, MyEG said My E.G. Capital acquired an aggregate of 14.57 million ordinary shares representing approximately 14.40% equity interest in HeiTech Padu via open market and direct business transactions.

“The acquisition is a strategic investment which will allow the company to explore potential collaborations with HeiTech to create synergies by leveraging on the respective expertise and experience of both parties as established e-government service providers,” MyEG said.