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The agreement is valid for one year from its date (April 15, 2024), unless and until it is superseded by a subsequent agreement entered into by the parties, whichever occurs first.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