PDB's China-based directors signal completion of management, ownership transition

NST Tue, Sep 27, 2022 11:01am - 1 year View Original


KUALA LUMPUR: Main Market-listed Pertama Digital Bhd (PDB) announced the resignation of their China-based foreign directors, namely Pan Ding and Pan Dong, from the board effective 22 September 2022.

PDB confirmed that both resigning foreign directors do not have any disagreement with the company's directors and have no other matters to bring to the attention of its shareholders.

PDB, in August 2022, received an overwhelming vote of support from its shareholders for completing the exercise to dispose of its entire equity interest in its China-based textile subsidiary, BeTop Group Ltd, for RM70 million.

With the ownership and management transition process now complete, PDB moves forward as a wholly owned and operated local majority listing on Bursa Malaysia.

Plans are already underway to strengthen the composition of the PDB board to become a pure-play digital services player.

The company's new and enhanced corporate plan is to reclassify itself as a digital and Syariah-compliant business to attract new business opportunities from local and international business partners and interests.

PDB recently appointed Datuk Seri Dr Nik Norzrul Thani as director and board member.

Dr Nik is currently the chairman and senior partner of Zaid Ibrahim & Co, a member law firm of ZICO Law.

Such appointments, alongside PDB's existing directors, will boost the line-up of a strong and competent board as the company paves its way into the future.

PDB director of strategy Saify Akhtar said the company would continue to be committed and focused on building a new company, fortified with a strong corporate character and equipped with key operational strength to deliver on its promise of transforming the approach by government agencies and enterprises in providing digital solutions that matter to the public.

"We will continue to deliver swift, lean, and necessary digital solutions and services on a pay-for-performance revenue model with local agencies and enterprises as well as emulate this to other emerging markets such as Indonesia, Bangladesh and Nigeria", he said.

The active pursuit of acquisition targets in the government technology sector is of primary importance. PDB also makes headway in forming Malaysia's first 'neobank' in partnership with incumbent banks.

As part of its focus on delivering digital solutions for the rakyat, PDB recently launched its Perlindungan Tenang awareness campaign to boost the subscription by the B40 group for the protection scheme introduced by the government.

PDB continues to promote the digital inclusion of the underserved segments of society.

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