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HeiTech Padu awarded RM48.2mil Fomema project

Wednesday, 9 November 2016


heitech padu berhad

PETALING JAYA: HeiTech Padu Bhd has been awarded an RM48.23mil project by Fomema Sdn Bhd to integrate the foreign worker medical examination system with the Malaysian Immigration System or myIMMs of the Immigration Department and the Biometric Verification of Foreign Workers.

The award would commence from the date of the official signing of the new concession agreement between Fomema and the Government.

If Fomema has not been awarded the project by the Government within six months from the date of acceptance of this award, then the award will automatically lapse.

The proposed transaction would not have any material effect on the company’s net asset for the financial year ending Dec 31, 2016 (FY16) and would contribute positively to its future earnings.

According to HeiTech, the award would have a positive effect on its earnings per share but would have no material effect on its dividend policy, gearing, share capital and substantial shareholders’ shareholdings for FY16.

Recently, the company was also awarded an RM79.77mil project by the Road Transport Department for the maintenance services of MYSIKAP System for the period 2016 to 2018.

Source by: Internet

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