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Paragraph/Rule 8.03A Companies : Monthly Announcement

BackSep 02, 2024
Type Announcement
Subject PARAGRAPH/RULE 8.03A COMPANIES
MONTHLY ANNOUNCEMENT
Description PERTAMA DIGITAL BERHAD ("PERTAMA" OR "COMPANY")
- MONTHLY ANNOUNCEMENT PURSUANT TO PARAGRAPH 8.03A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Reference is made to the Company’s previous announcements on 10 August 2022, 1 September 2022, 3 October 2022, 1 November 2022, 1 December 2022, 3 January 2023, 2 February 2023, 1 March 2023, 3 April 2023, 2 May 2023, 1 June 2023, 3 July 2023, 1 August 2023, 1 September 2023, 2 October 2023, 1 November 2023, 1 December 2023, 2 January 2024, 2 February 2024, 1 March 2024, 1 April 2024, 2 May 2024, 4 June 2024, 1 July 2024 and 1 August 2024 in relation to the Company triggering Paragraph 8.03A(2)(a)(bb) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“MMLR”) and having been considered as an affected listed issuer, as well as its development update in complying with the requirements under Paragraph 8.03A of the MMLR.

The Company's Board of Directors wishes to inform that the Company had on 9 August 2024 submitted a further extension of time application to Bursa Securities of twelve (12) months to submit its regularisation plan (“EOT Application”). The said EOT Application is still pending Bursa Securities’ decision.

The Company has on 28 August 2024 entered into a memorandum of understanding (“MOU”) with Kridentia Holdings Sdn. Bhd. (“Kridentia”) for the proposed acquisition of Kridentia Tech Sdn. Bhd. (“Kridentia Tech”) by the Company (“Proposed Acquisition”) for consideration to be satisfied with the issuance of new ordinary shares of the Company (“Consideration Shares”). The MOU contemplates the Proposed Acquisition between the Company and Kridentia which they have jointly agreed to negotiate in good faith with their aim of formalising and entering into definitive agreements.

The Proposed Acquisition sets forth clear, ambitious objectives for the Company and Kridentia to drive the design, development, and enhancement of cutting-edge digital products and services, with a strong focus on revolutionising digital banking and government technology for the benefit of the Rakyat, particularly the underbanked and underserved communities. This partnership includes joint participation in government projects aimed at delivering impactful solutions for Malaysians. By combining their strengths in the digital space, the companies will significantly enhance their capabilities in introducing world-class digital banking products and impactful GovTech solutions. This collaboration nurtures the growth of fintech and GovTech companies dedicated to building inclusive, transformative solutions that benefit all Malaysians, especially those who are often overlooked.

The Company remains steadfast in its endeavour to promptly address and evaluate viable solutions aimed at rectifying its status as an affected listed issuer. Currently, rigorous and timely assessment of streamlined solutions led by the Company and its appointed advisors with the aim of formulating a comprehensive regularisation plan for submission to Bursa Securities within the specified timeframe. The Company will continue to make further announcements in relation to any latest development in accordance with the requirements under Paragraph 8.03A of the MMLR.

This announcement is dated 2 September 2024. 

Announcement Info

Company Name PERTAMA DIGITAL BERHAD
Stock Name PERTAMA
Date Announced 02 Sep 2024
Category General Announcement for PLC
Reference Number GA1-02092024-00012