PNB awards RM41.9m deal to HeiTech Padu

PETALING JAYA: HeiTech Padu Bhd has been awarded a RM41.87 million infrastructure services contract by Permodalan Nasional Bhd (PNB).

In a filing with the stock exchange, the company said it had entered into an agreement with PNB for the supply, installation, commissioning, operation, and maintenance of managed wide area network infrastructure services for PNB and Amanah Saham Nasional Bhd.

The contract is for a period of five years starting from Sept 1, 2016 to Aug 31, 2021.

HeiTech Padu said the proposed transaction will not have any material effect on its net asset for the financial year ending Dec 31, 2017 and is expected to contribute positively to the future earnings of the group.