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MyEG, HeiTech Padu shares up in early trade after partnership announcement | Scoop

MyEG Services Bhd and HeiTech Padu Bhd have entered into a teaming agreement that entails outlining roles, marketing activities, sharing expertise, and system integration for identified IT projects in Malaysia. – myeg.com.my pic, April 17, 2024

MyEG, HeiTech Padu shares up in early trade after partnership announcement

MyEG’s shares rise by 1 sen to 78 sen, HeiTech Padu's shares gain 3 sen to RM2.42

Updated 17 April, 2024

17 April, 2024

11:20 AM MYT

KUALA LUMPUR – E-government services providers MyEG Services Bhd and HeiTech Padu Bhd’s shares on Bursa Malaysia rose in the early trade today following their partnership to collaborate on information technology (IT) projects in Malaysia.

As of 10.36am, MyEG added 1 sen to 78 sen with 12.8 million shares changing hands, while HeiTech Padu gained 3 sen to RM2.42 with 1.48 million shares transacted.

In separate filings with Bursa Malaysia yesterday, the companies said they have entered into a teaming agreement aimed at outlining their roles and responsibilities, focusing on marketing activities, sharing know-how, and system integration for identified projects with potential customers.

The agreement is valid for one year from its date (April 15, 2024), unless and until it is superseded by a subsequent agreement entered into by the parties, whichever occurs first.

HeiTech is a group carrying out a gamut of IT products and services, while MYEG engages in the development and implementation of electronic government services projects and the provision of other related services. – April 17, 2024

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