Heitech Padu Bhd has been hit with a RM5.05 million lawsuit by facilities management company Kayangan Cahaya Sdn Bhd over a contract dispute.
Heitech Padu intends to defend the suit.
In a filing with Bursa Malaysia, the company said the suit was filed at the Shah Alam High Court in relation to a building maintenance services agreement dated April 5, 2024, and related works.
Heitech Padu said it disputes the claim and is reviewing the allegations with its legal advisers. The company intends to defend the suit. No further details on the claim were disclosed.
The board said it is currently unable to determine the financial impact of the case and has not made any provisions, pending legal assessment and further developments.
Shares of Heitech Padu closed two sen or 1.2% higher at RM1.69, giving the group a market capitalisation of RM275.44 million.
