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Longer Duration Led To Higher Contract For HeiTech Padu, Says Loke

KUALA LUMPUR: The Ministry of Transport clarified that the increased contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (RTD) services is primarily due to an extended contract duration.

Transport minister Anthony Loke Siew Fook clarified that the three-year period awarded to HeiTech Padu Bhd would encompass maintenance for the MySikap system

Transport minister Anthony Loke Siew Fook clarified that the three-year period would encompass maintenance for the MySikap system, which includes both software and hardware components, along with servers at RTD offices across the country.

He told reporters this following the official launch of the 2024 EVlution charging stations, which were developed in collaboration with Mastercard and RHB Bank Bhd.

On Monday, HeiTech announced that it secured a RM190.01 million contract from JPJ for maintenance and technical support services for the RTD’s information and communications technology infrastructure and MySikap system without providing specific details about the job scope.

Loke mentioned that the scope of work for the current contract aligns with previous agreements with RTD, even though the cost per contract period is relatively lower.

In 2021, HeiTech Padu was awarded a contract valued at RM36.25 million for about 13 months, which ended on September 30, 2022.

This contract was extended twice in subsequent years – first for four months in 2022 at RM10.49 million and then for 12 months in 2023 at RM27.29 million.

This year, HeiTech Padu has secured two additional government contracts – one worth RM58.89 million for next-generation network services for the Inland Revenue Board, announced in January, and a contract extension in March valued at RM13.11 million from the Immigration Department for the upkeep of the Malaysian Immigration System (MyIMMs).

The company’s largest shareholder is PKR Perak chief Datuk Farhash Wafa Salvador, who acquired a 15.91% stake last month through Rosetta Partners Sdn Bhd.

Farhash, a former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has denied involvement in government operations.

Other significant shareholders include MyEG Services Bhd, holding a 15.89 per cent stake, and Padujade Corp Sdn Bhd with a 14.06 per cent stake.

At Tuesday’s noon market break, shares in HeiTech Padu closed three sen or 1.23 per cent lower at RM2.40.

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