KUALA LUMPUR: Heitech Padu Bhd has accepted a contract for the installation of network infrastructure for the new office of Permodalan Nasional Bhd at Merdeka 118.

       In a bourse filing, the group said the contract was valued at RM21.7mil.

       The period of the contract is for 42 months at an as-yet undetermined date.

       "The contract is expected to have positive effects on future earnings and earnings per share of HeiTech.

       "Nevertheless, the Contract will have no material effect on the dividend policy, share capital and substantial shareholdings of the Company for the financial year ending 31 December 2021," it said.

       At market close, shares in HeiTech Padu were traded two sen or 1.57% lower at RM1.25 apiece on the back of 70,500 units traded.