KUALA LUMPUR, Aug 10 (Bernama) -- Pertama Digital Bhd (PDB) is looking into formulating a regularisation plan to address issues regarding paragraph 8.03A Affected Listed Issuer Status and will announce its regularisation plan in due course.
In a filing with Bursa Malaysia, PDB said the company has triggered paragraph 8.03A(2)(a)(bb) of the Main Market Listing Requirements when it completed its sale of Be Top Group Ltd.
It sold its entire equity interest in the China-based textile subsidiary to Gifted Investments Ltd for RM70 million. With that sale and exit from the textile business, PDB is set to become a pure-play digital services player and will focus and allocate resources to strengthen and expand its mobile and digital solutions businesses, the current core continuing operations of PDB Group, the filing said.
Given the bright prospects of the mobile and digital solutions industry, the board is of the view that the group's mobile and digital solutions businesses are “viable, sustainable and have high growth potential moving forward” and various plans in the pipeline and will be announced at the appropriate time.
-- BERNAMA
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