In the retail sector, some of our key clients include 7-Eleven, 99 Speedmart, AEON Big, Giant, and Guardian. We have managed to digitalise and automate their outlets nationwide. Documentation and verification processes between our customers and their suppliers are done on the cloud,” Yap says.
“Our industrial customers include a prominent cement manufacturer, a utilities provider and a logistics and post service provider,” he adds.
On whether the company would still continue on its recent acquisition spree, Yap says he does not discount the possibility of this happening again.
However, he would also like the group to also focus on digesting its recent acquisitions and deliver on organic growth.
“This year alone we have invested RM3mil in acquiring stakes in three companies. Our past acquisitions have allowed us to expand our clientele and enter new sectors, and enhance our software solutions portfolio. These efforts have positioned us as a stronger and more prominent one-stop solutions provider,” Yap says.
“So while we are not discounting future acquisitions, we are also eyeing organic growth as we consolidate our resources and tap into cross-selling activities with our enlarged product suite and customers portfolio,” he adds.
Moving forward, Yap says the company would also like to grow the overseas contributions to its revenue and this in line with its expansion plans.
in 2021, Top 3 shareholder in Alliance bank with 74 M shares 4.80%
REPORT DATE STOCK NAME YEAR END NAME IN ANNUAL REPORT NUMBER OF SHARE RATIO 29/07/20 AIRASIA 5099 2019 Global Success Network Sdn. Bhd. 17,538,000 0.520 20/07/20 ABMB 2488 2020 Global Success Network Sdn Bhd 22,902,100 1.480
KUALA LUMPUR (Nov 12): The founder of the 99 Speedmart retail chain, Lee Thiam Wah, has emerged as the third biggest shareholder in retail technology solutions provider Radiant Globaltech Bhd (RGTech), with a 15.77% stake.
RGTech's bourse filing on Friday (Nov 12) showed that Lee initially acquired 73.78 million shares or a 15% stake in RGTech in off market deals via his company Global Success Network Sdn Bhd.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
thesteward
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Posted by thesteward > 2021-10-28 10:46 | Report Abuse
Holding tight tight . If can break 42 possibly spike .