HE Group (KLSE:HEGROUP) unit Hexatech Engineering secured a letter of intent worth about 47 million ringgit to undertake electrical works for a data center in Johor, Malaysia, according to a Tuesday Malaysian bourse filing.
Shares gained about 3% in Wednesday's afternoon trade.
The deal pertains to the supply and installation of 275 kilovolt electrical works.
The formal contract is expected to be finalized and signed in the third quarter of 2026, it said.