KUALA LUMPUR: HeiTech Padu Bhd, which received an unusual market activity query from Bursa Malaysia, says it is unaware of any corporate development that caused the sharp rise in its shares price and trading volume recently.
HeiTech Padu received the query after its shares surged by as much as 15.34 per cent or 56 sen to a record high of RM4.21.
The counter is second top gainer on Bursa as it closed at RM4.10 today, up 12.33 per cent or 45 sen, with 5.45 million shares changed hands, pushing its market capitalisation to RM456.5 million.
Last week, it was reported that in a surprising turn of events, HeiTech Padu had emerged as the front runner to bag the RM1 billion National Integrated Immigration System (NIISe) contract.
The Edge previously reported that HeiTech Padu had been dropped from the project, which is slated to integrate the border management systems of various agencies of the Home Ministry, in favour of Dagang Nexchange Bhd and Theta Edge Bhd.
It was said, however, that HeiTech Padu had now made a comeback and stood a good chance of winning the contract.
The three were reportedly shortlisted from a group of companies that had submitted proposals last December.
They included Datasonic Group Bhd, Scicom (MSC) Bhd, Bestinet Sdn Bhd, MyEG Services Bhd, Microlink Solutions Bhd, Infomina Bhd, REDtone Digital Bhd and Sapura Group.
HeiTech Padu is the incumbent operator of the NIISe project with its Malaysian Immigration System, which was implemented in 1993.