KUALA LUMPUR: Formis Resources Bhd (FRB) has forged a partnership with leading SAP solutions provider ISS Consulting Solutions Bhd via a reverse takeover (RTO) of the latter, which would see FRB becoming a dominant player in the SAP market locally and regionally in time.
FRB executive vice-chairman and chief executive officer Datuk Mah Siew Kwok said the company would divest its 90% stake in subsidiary Diversified Gateway Bhd (DGB) to ISS for RM99mil, an exercise that would give FRB control of Ace Market-listed ISS.
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