Niise Contract Sum Revised To RM1.05 Bln - HeiTech Padu

KUALA LUMPUR, Oct 13 (Bernama) -- The value of HeiTech Padu Bhd’s contract for the National Integrated Immigration System (NIISe) project has been revised to RM1.05 billion from RM892.19 million. 

HeiTech Padu said in a Bursa Malaysia filing that the company has accepted the amendment to the contract today. 

“Barring any unforeseen circumstances, the contract is expected to contribute positively to the earnings and net assets per share of the company for the financial year ending Dec 31, 2025 and onwards until the completion of the contract,” said HeiTech Padu.

On Oct 18, 2024, the technology services company secured the NIISe contract from the Immigration Department of Malaysia.

The contract is for studying, proposing, designing, developing, supplying, delivering, installing, testing, integrating, migrating and synchronising data, commissioning and implementing change management and training for the NIISe project.

The contract begins on Oct 18, 2024, and will end on Oct 17, 2029.

-- BERNAMA