MyEG’s unit buys 14% stake in HeiTech Padu for RM31 million

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PETALING JAYA: MyEG Services Bhd’s unit MyEG Capital Sdn Bhd has acquired 14.57 million shares, or 14.4% equity interest in HeiTech Padu Bhd for RM31.24 million to explore potential collaboration in e-government.

“The acquisition is a strategic investment which will allow the company to explore potential collaborations with HeiTech Padu to create synergies by leveraging on the respective expertise and experience of both parties as established e-government service providers,” it said in a stock exchange filing.

SPONSORED CONTENT Sabah revenue hits RM6.97 billion: Hajiji says GRS State Government may see full term Kota Kinabalu: The Sabah Government continued its momentum in managing the economy in line with the commitment and spirit of the Sabah Maju Jaya when it posted record high state revenue of RM6.973 billion last year. Read more As at 12.30pm, MyEG’s share price was up by 0.5 sen or 0.65% at 78 sen, giving it a market capitalisation of RM5.86 billion.

Source: Loan Digest (loandigest.net)

 

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