PETALING JAYA: Heitech Padu Bhd
has secured a RM19.87mil contract extension from the Immigration Department to continue providing maintenance services for the Malaysian Immigration System (MyIMMs) for a further two years.
In a filing with Bursa Malaysia, the company said the contract extension will be from Feb 18, 2027 to Feb 17, 2029.
It added that the contract extension is expected to contribute positively towards the future earnings and net assets per share of the company for the financial year ending Dec 31, 2027 and for the duration of the extension.
“The contract extension is subject to normal business risks encountered by other companies undertaking a similar endeavour and the company has taken the appropriate control measures to mitigate the risks to reduce the impact.”
The company said none of the directors or substantial shareholders of the company or persons connected with them has any interest, whether direct or indirect in the contract extension.
“The board is of the opinion that the contract extension is in the ordinary course of business and is in the best interest of the company.”
