Fast Track seeks to expand IT services globally

FAST Track Solutions Holdings Bhd, en route to a Mesdaq listing, is expanding its services to regional and global markets.  

A niche market software solutions company, Fast Track is spending part of the proceeds from its listing in the Asean region, the US and China over the next three years. 

Executive director Phan Sin Tian said in statement: “We plan to invest in the development of software solutions and expand on the application modules to be more a competitive player. We are also looking at forging strategic partnerships to enable our penetration into these target market segments.'' 

The company's application software comprises five major products in the area of financial, distribution, manufacturing, maintenance and supply chain management. 

It is making a public issue of 32 million shares of 10 sen each at 28 sen per share. It plans to raise RM8.96mil from the listing exercise. 

For the financial year ended Dec 31, 2003, Fast Track posted a net profit of RM1.42mil. 

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Next In Business News

Covid-19 support fund for AXA Affin customers
AmInvest Research ups Hong Leong Bank FV after ESG rating upgrade
Malaysia’s biggest IPO in 2021 said to draw Aberdeen, AIA
Ringgit falls 205bps vs US$ after Fed hints at higher interest rates in 2013
Trade war costs global value chains three to five years of growth, UN says
Blue chips extend losses, tracks key Asian markets
Quick take: Sunway rises on news of digital banking licence bid
Upsides in property sector largely priced in, says Maybank IB
Quick take: Cypark shares fall on news of private placement
Trading ideas: Magni-Tech, CAB Cakaran, Cypark, Sunway, Pharmaniaga

Stories You'll Enjoy