Pertama Digital Proposes Acquisition In Two Firms As Part Of Regularisation Plan
KUALA LUMPUR, March 14 (Bernama) -- Pertama Digital Bhd has proposed to acquire two companies which provide installation, maintenance, management and supporting services for surveillance and technologies systems as part of the group’s long-term business strategy and proposed regularisation plan.
The e-payment solutions provider made this announcement today following Bursa Malaysia Securities’ notification asking it to make written representations supported by documentary evidence by today as to why the trading in its securities should not be suspended and its securities should not be de-listed.
Earlier, Pertama Digital failed to submit its proposed regularisation plan for Bursa Securities’ approval within the stipulated timeframe -- by Feb 9, 2025 -- and the company’s extension of time application was rejected on March 7, 2025.
In a filing with the stock exchange today, Pertama Digital said it submitted a written representation to Bursa Securities today as to why its securities should not be removed from the official list of Bursa Securities.
The company also said it had entered into a term sheet with three individuals to purchase 80 per cent equity interest in each of D-Ron Singapore Pte Ltd and D-Ron Malaysia Sdn Bhd for a total consideration of about S$30.4 million and RM5 million, respectively.
“The proposed acquisition forms part of the group’s long term business strategy and it will form part of the company’s proposed regularisation plan. The board expects the proposed acquisition to be earning accretive and to continuously deliver sustainable value to shareholders of Pertama in the medium and long term,” it said.
The term of the term sheet will be a 12-month period unless terminated earlier.
-- BERNAMA