KUALA LUMPUR: Digital transformation solutions provider SRKK AI Bhd expects its expansion into Indonesia to begin making a meaningful contribution to the group’s revenue within three years, following its listing on the ACE Market of Bursa Malaysia.
Chief executive officer Yew Lip Sin said the company aims to shorten the time required to generate returns from its Indonesian operations versus its experience in Singapore, Bernama reported.
“In Singapore, it took us close to five years to make some significant impact. We are a lot more mature now, and we have some funds from the initial public offering (IPO), so our pockets are a bit deeper.
“Hopefully, we can see some good contributions from the Indonesian investment in three years instead of five,” he told a press conference yesterday.
SRKK AI made a strong market debut, opening at 60 sen against its IPO price of 32 sen, with 11 million shares changing hands. It gained 29 sen, or 90.6%, to close at 61 sen.
