BUSINESS

PERTAMA DIGITAL'S SUBSIDIARY ACQUIRES ADDITIONAL 24 PCT SHAREHOLDINGS IN DAPAT VISTA

08/09/2021 07:31 PM

KUALA LUMPUR, Sept 8  -- Pertama Digital Bhd’s subsidiary, Television Airtime Services Sdn Bhd (TAS), has completed the acquisition of a further 24 per cent ordinary shares in government technology (govtech) software company Dapat Vista (M) Sdn Bhd.

In a statement today, it said the acquisition is acquired via contractual option exercised from Dapat Vista’s other shareholder, HeiTech Padu Bhd.

It said the completion of the exercise made TAS an 80 per cent majority shareholder of Dapat Vista.

“Through Pertama Digital’s 51 per cent equity interest in TAS, Pertama Digital has an effective interest of about 41 per cent in Dapat Vista,” it said.

Pertama Digital’s director of strategy Saify Akhtar said Dapat Vista’s businesses grew relentlessly during the COVID-19 pandemic that encouraged digital touchpoints over physical contact.

“Pertama Digital’s increased majority stake in Dapat Vista enables a consolidation of a larger contribution to the bottomline of Pertama Digital,” he said.

Recently, Pertama Digital’s consortium applied for a digital banking licence from Bank Negara Malaysia, focusing on a collaborative approach with ecosystem players to provide ethical and productive financing for the financially underserved to fuel post-pandemic productivity.

-- BERNAMA



 


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