Theta Edge Bhd is a Malaysia-based investment holding company. It is an Information Communication, Technology (ICT) Services Provider. The businesses in which the company operates include IT Solutions, Telecommunication Engineering Services and Civil Works, Telecommunication Service Provider, Green Energy Consultant and System Integrator, amongst other.
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accountantkennyTheta Edge: Termination of contract by IJN based on alleged default
22/03/2023 10:48 PM
accountantkennyKUALA LUMPUR (March 22): Theta Edge Bhd said the purported termination of its contract to develop a hospital information system and electronic medical record for Institut Jantung Negara is “based on alleged default by the company”.
“The project has made substantial progress and the company is currently seeking legal advice,” said Theta Edge in a filing to the stock exchange on Wednesday (March 22).
On Monday, Theta Edge announced that its wholly-owned unit Theta Technologies Sdn Bhd had received a notice of termination from Institut Jantung Negara Sdn Bhd.
The information communication and technology company, which is a member of Tabung Haji Group, said Theta Technologies had been awarded the four-year contract worth RM25.2 million by Institut Jantung Negara Sdn Bhd.