7
Techno
Dex
Berhad
(627634-A)
ANNUAL REPORT 2016
CHAIRMAN’S
STATEMENT
(continued)
CORPORATE DEVELOPMENTS
In FYE 2016, the Company completed two (2) joint ventures with SurfsTek Resources (R&D) Sdn Bhd (“SurfsTek”)
and MyProperty Data Sdn Bhd (“MyProperty”). SurfsTek is involved in payment gateway licensing, hotel reservation
platform, and Internet Data & Voice Roaming service. MyProperty, on the other hand, is involved in property data
consultancy services.
On 4 July 2016, the Company has completed a private placement exercise to raise proceeds of RM 3.94 million by
issuance a total of 37,539,390 new ordinary shares of RM0.10 each. The proceeds will be utilised for working capital
and business development of the Company.
The Group is continuously looking into business ventures that can add values to the Group, particularly of cyber and
data security segment. The business idea is to offer end-to-end services that include data storage, data security, data
warehousing, data analytics, data cleansing to data deletion that complied with world data management standards,
and related services. The Group will share more information with the Shareholders when more information becomes
available.
ACKNOWLEDGEMENT AND APPRECIATION
On behalf of the Board, I wish to express my gratitude to the Board, management and employees of the Group for
their dedication, commitment and contributions in past years. I applaud to the team for their efforts and achievement
in maintaining growth in revenue and profit over the past three years. The commitment and innovation of the team is
the nucleus of the financial success of the Group. We will continue to provide a conducive working environment to
foster creative and vitality culture among the team.
I also wish to express my deepest appreciation to our shareholders, customers, business associates and relevant
authorities for their continuous support and cooperation.
Last but not least, to my fellow colleagues on the Board, I wish to thank you for your continuous guidance and support,
and I look forward to your continuous participation.
KERK HAN MENG
Chairman
