Global Soft to secure e-ticketing software jobs


  • Business
  • Wednesday, 16 Apr 2003

By sabry tahir

SOFTWARE company Global Soft (MSC) Bhd, which made its debut on the KLSE Mesdaq market yesterday at a 4.5-sen premium, is expected to secure new contracts for the supply of theme park ticketing software by end of this quarter. 

Its executive director Simon Liu said the company was in the final stages of negotiation with two major local theme park operators in the north and central regions.  

“The deals are worth more than RM1mil,” he said after the listing ceremony in Kuala Lumpur yesterday. 

MD Koh Kean Mum hitting the gong to mark the firm's listing. Present at the event are Simon Lu (far right) and other company directors.

Global Soft, which provides the e-ticketing system for the Sunway Lagoon Resort theme park, also produces business software solutions, comprising finance, distribution, logistics, manufacturing, quality management and prime haulage. 

Liu said the company also planned to make forays into the overseas market for its e-ticketing system this year.  

It was currently negotiating a supply contract with a Vietnam-based theme park operator. 

Apart from e-ticketing, the company will also focus on marketing its enterprise resource planning (ERP) solutions, Liu said. ERP, popular with the bigger corporations, was still largely untapped within the small- and medium-sized industries market, he added. 

Global Soft, which registered a profit of RM1.3mil in 2002 and RM1mil in 2001, spends about 10% of its revenue on research and development (R&D) to develop new application software and technology and to remain competitive both locally and globally. 

In connection with its listing, Global Soft offered 10 million shares of 10 sen each at an issue price of 49.5 sen to the public, via private placement. 

Global Soft shares opened trading at 55 sen, a premium of 4.5 sen over the offer price, with 290 lots changing hands. 

It traded to a day low of 31 sen before closing at 43 sen. Volume totalled 18,127 lots. 

For latest Global Soft share prices and charts click here

 

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