Thursday 02 Jan 2025
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KUALA LUMPUR (Oct 18): HeiTech Padu Bhd has accepted a purchase order worth RM14.86 million from Prudential Services Asia Sdn Bhd for Disaster Recovery Services and Office Rental Services.

In a filing with Bursa Malaysia today, HeiTech Padu said the duration of the purchase order is for three years.

“The purchase order will not have any material effect on HeiTech’s net asset for the financial year ending Dec 31, 2016 (FY16) and is expected to contribute positively to the future earnings of HeiTech,” it said.

The risks are normal ones encountered by other companies undertaking a similar endeavour, and HeiTech Padu has taken necessary steps to protect itself, as well as to mitigate the risks, when and as it occurs.

The contract will have a positive effect on the earnings per share of the company, the filing said.

Nevertheless, the contract will have no material effect on the dividened policy, gearing, share capital and substantial shareholders’ shareholdings of HeiTech Padu for FY16, the filing added.

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