KUALA LUMPUR (Nov 13): Heitech Padu Bhd (KL:HTPADU) said it is exploring potential opportunities to participate in Myanmar’s Yadanapon Cyber City project.

The company said the proposed project presents an opportunity for it to explore the application of its technology capabilities in areas such as digital infrastructure, systems integration and government technology solutions, in support of Myanmar’s digital development agenda.

“HeiTech’s interest in the project follows earlier engagements with Myanmar stakeholders, including discussions with Diamond Palace Group of Companies in 2024, followed by renewed discussions in September and October 2026,” it said in a statement.

The Yadanapon Cyber City project is a planned technology hub in Myanmar aimed at attracting foreign investment and developing the country’s ICT, artificial intelligence (AI) and electronics manufacturing industries.

Discussion on the Yadanapon Cyber City project remains at an exploratory stage, HeiTech Padu noted, with any potential participation subject to further technical and commercial evaluation, mutual agreement and requisite regulatory and corporate approvals.

Still, HeiTech Padu group CEO Syed Omar Albar Syed Abdullah said the engagement served as an important step in exploring potential opportunities in Myanmar.

“Having established a strong track record in delivering mission-critical technology solutions in Malaysia, we see potential to bring our experience and capabilities to other markets.

"Myanmar’s digital development presents areas worth exploring, and we look forward to further discussions with the relevant stakeholders to better understand the opportunities and how HeiTech Padu could contribute," he added.

Shares of HeiTech Padu ended five sen or 5.92% higher at 89.5 sen, valuing the company at RM145.01 million.