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Others (Amended Announcement)

BackMar 03, 2017
Type Announcement
Subject OTHERS
Description

CONTRACT (AGREEMENT) BETWEEN PERMODALAN NASIONAL BERHAD AND HEITECH PADU BERHAD FOR THE SUPPLY, INSTALLATION, COMMISSIONING, OPERATION, AND MAINTENANCE OF MANAGED WIDE AREA NETWORK (WAN) INFRASTRUCTURE SERVICES FOR PERMODALAN NASIONAL BERHAD (PNB) AND AMANAH SAHAM NASIONAL BERHAD (ASNB)

We refer to our announcement made on 2nd March 2017 in relation to Contract (Agreement) between Permodalan Nasional Berhad and HeiTech Padu Berhad for The Supply, Installation, Commissioning, Operation, and Maintenance of Managed Wide Area Network (WAN) Infrastructure Services for Permodalan Nasional Berhad (PNB) And Amanah Saham Nasional Berhad (ASNB).

PNB has awarded the above Contract to HeiTech Padu Berhad for the providing of the above services for a period of 5 years, commencing from 1st September 2016 to 31st August 2021. Any further renewal or extension of the Contract is at the discretion of PNB.

Despite PNB being a major shareholder of HeiTech Padu Berhad by virtue of substantial shareholding, the Contract was awarded fairly based on due process of a tender and at arms-length basis, in accordance with the due process of PNB.  

Tuan Syed Agel bin Syed Salim (Tuan Syed Agel) and Dato’ Dr. Mohamed Ariffin bin Aton (Dato’ Dr Mohamed Ariffin) are the Non-Independent Non- Executive Directors of HeiTech Padu Berhad, representing as the nominee of PNB. Tuan Syed Agel owns 12,500 ordinary shares in HeiTech. Tuan Syed Agel, Dato’ Dr Mohamed Ariffin are deemed persons connected to PNB and are also deemed interested in the Proposed Renewal of the Shareholders Mandate which was obtained on 21st June 2016.



Please refer attachment below.

 


Announcement Info

Company Name HEITECH PADU BERHAD
Stock Name HTPADU
Date Announced 03 Mar 2017
Category General Announcement for PLC
Reference Number GA1-03032017-00068

Attachments

  1. Bursa_GA1-02032017-00038__-----_3.3.2017.docx (Size: 12,902 bytes)