Dont think so. Heitech is selling off their shares ( private placement at cheap price). Heitech is bumi SI, but their financial is always not that good. Alot of govt projects, but payment always delayed. As i know, if the company background's finance not strong, no longer can bid or get govt projects. This is the reason they did private placement.
Overall, you can see REDTONE is acquired Theta & Heitech at the same time after Agong onboarded. They are not only see just see NIISE projects.. entire of MADANI projects for this 5 years..
I like how the share price is holding up so well when it does 15.8M of business and lose 3.8M. For a company this small it's puzzling how they can continue to sustain the losses 😅
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 282 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11448 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MisssssyReee
2 posts
Posted by MisssssyReee > 5 days ago | Report Abuse
Dont think so. Heitech is selling off their shares ( private placement at cheap price). Heitech is bumi SI, but their financial is always not that good. Alot of govt projects, but payment always delayed. As i know, if the company background's finance not strong, no longer can bid or get govt projects. This is the reason they did private placement.