KUALA LUMPUR, Dec 17 -- HeiTech Padu Bhd is disposing of 6.9 million shares in its 80 per cent-owned subsidiary Dapat Vista (M) Sdn Bhd to Television Airtime Services Sdn Bhd for RM13.5 million.
Dapat Vista is involved in the mobile application and payment gateways business.
HeiTech Padu said the exercise would happen in stages over a period of 60 months from the execution date of the agreement (Dec 13).
“The disposal will enable the company to utilise the proceeds for working capital purposes and to generate additional cash inflow for the company,” the technology company announced to Bursa Malaysia today.
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