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.