KUALA LUMPUR: EA Holdings Bhd (EAH) is acquiring a 35 per cent equity interest in DDSB (M) Sdn Bhd for RM18 million. In a filing to Bursa Malaysia today, the company said the acquisition would bring various synergies to EAH and its subsidiaries besides increasing the revenue and profit growth. Barring any unforeseen circumstances and subject to all relevant approvals being obtained, the proposals are expected to be completed by the fourth quarter of the year. -- BERNAMA
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What is DDSB do?
INFORMATION ON DDSB
DDSB was incorporated in Malaysia on 8 July 1999 under the Companies Act, 1965 as a private limited company under the name of Distinct Diversified Sdn Bhd. It was subsequently changed to DDSB (M) Sdn Bhd on 25 September 2001 and assumed its present name. DDSB is a Multimedia Super Corridor ("MSC")-Status company registered under the Ministry of Finance of Malaysia. It is principally involved in the provision of enterprise software services and solutions, which consist of enterprise resource planning solutions, mobile enterprise solutions and geographical information system ("GIS") solutions.
DDSB offers a range of products and services catering to both private and government linked companies. DDSB’s enterprise resource planning and human capital management solutions leverage technology to provide the platform for aligning and bridging the gap between organisation, business targets, people, process and technology. In addition, its mobile enterprise solutions allow businesses to manage its business relationships through a wireless technology platform and to improve efficiencies of its field crews. Lastly, its GIS solution business is a monitoring and management solution for large enterprises that have assets distributed over wide geographical areas.
DDSB has also developed its own niche solutions for managing remote assets based on the GIS mobile field force automation system ("MoFFAS") platforms. These solutions are capable of consolidating information and data of assets from all locations into a single database for easy retrieval, referencing and decision making.
Barring any unforeseen circumstances, the Board after having considered all the relevant aspects, including the aforementioned prospects of DDSB as well as the industry overview and outlook as set out in Section 8 of this announcement, is of the opinion that the Proposals are expected to contribute positively to the future earnings of the Group and to enhance EAH's shareholders' value in the long run.
(Source: Management of DDSB)