Heitech Padu bags RM350 million Data Centre deal from Regal Orion

Heitech Padu Bhd has bagged a RM350 million deal from Regal Orion Sdn Bhd (RO) for the design, engineering, procurement, construction, installation and commissioning of a data centre in Seremban, Negri Sembilan.

Regal Orion is into the engineering, construction and project management of data centres. This announcement was made as a disclosure at Bursa Malaysia, the country’s stock exchange.

The announcement said that RO had earlier bought over a data centre project located at Techpark @ Enstek in Labu, Seremban from KPMG who was acting as the receiver and manager for Affin Bank Bhd in Mar 2018, according to a report in TheStar.

After the acquisition, RO had the intention of re-designing and upgrading the facility, it said. It also noted that it is aiming to turn the facility into a world premium Tier IV next generation green mega data centre facility which will have a total of 120,000 square feet of Net Hosting Space area.

It would have a total of 4,064 racks available for rent once it is completed, it said. “This TSA is not expected to have any material effect on the earnings per share, net assets per share, share capital and substantial shareholders’ shareholding of the company for the financial year ending December 31, 2021,” the company said.

HeiTech added that it will contribute positively to the future revenue and earnings of the group in subsequent financial years upon the execution and successful completion of the design, engineering, procurement, construction, installation and commissioning agreement.

Venkatesh Ganesh

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