Kuala lumpur: The value of HeiTech Padu Bhd’s contract for the National Integrated Immigration System (NIISe) project has been revised to RM1.05 billion from RM892.19 million. HeiTech Padu announced in a Bursa Malaysia filing that the company has accepted the amendment to the contract.

According to BERNAMA News Agency, the adjustment is expected to contribute positively to the earnings and net assets per share of the company for the financial year ending Dec 31, 2025, and onwards until the contract’s completion. On October 18, 2024, the technology services company secured the NIISe contract from the Immigration Department of Malaysia.

The contract encompasses a comprehensive range of services, including studying, proposing, designing, developing, supplying, delivering, installing, testing, integrating, migrating and synchronising data, as well as commissioning, implementing change management, and providing training for the NIISe project. The contract is set to commence on October 18, 2024, and will conclude on October 17, 2029.