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Grand-Flo to provide RM50m in products, services to HeiTech Padu (0056)

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Grand-Flo to provide RM50m in products, services to HeiTech Padu (0056) Empty Grand-Flo to provide RM50m in products, services to HeiTech Padu (0056)

Post by hlk Fri 22 Jun 2012, 13:54

PETALING JAYA: Tracking solutions provider Grand-Flo Solution Bhd expects to supply more than RM50mil worth of products and services to HeiTech Padu Bhd for one year.
Grand-Flo,
which is an associate company of HeiTech Padu, also wants leverage on
the latter capability to secure more government projects. Hei-Tech Padu
owns 20% of Grand-Flo.
Grand-Flo group managing director Derrick Tan
said on Friday the group expected to get more orders from HeiTech Padu,
particularly through its Road Transport Department's projects.
"We
are expecting to secure up to RM6mil worth or projects or more in the
near future from JPJ (RTD). The first RM2mil worth of project should be
coming through within a month," he said after Grand-Flo's shareholders
meeting.
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