KUALA LUMPUR: Heitech Padu Bhd has entered into a teaming agreement with My E.G. Services Bhd to form an interim collaboration to explore services in relation to the information technology industry in Malaysia.
In a filing with Bursa Malaysia, Heitech Padu said both parties will collaborate in marketing activities, sharing of related know-how and system integration of information and technology solution for identified projects to potential customers.
The agreement is valid for a year from the date it was signed unless and until superseded by a subsequent agreement entered into by both parties, whichever earlier.
Heitech Padu added that either of the parties may withdraw from the agreement any time by giving thirty days written notice.
Meanwhile in a separate filing with the bourse, MyEG Services said the company does not see any exceptional risk from the agreement other than the nor al operational/business risks associated with it.
As at March 11, 2024 MyEG services has a 15.889 per cent interest in Heitech Padu.
At 10.15 am, MyEG share price was down 0.64 per cent to 77.5 sen a share, while HeiTech Padu's share price was 0.82 per cent lower at RM2.41 a share.