Digistar appoints MD’s son to board, buys dormant firm for RM200,000

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Digistar appoints MD’s son to board, buys dormant firm for RM200,000




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By Sulhi Azman / theedgemarkets.com   | April 10, 2015 : 9:22 PM MYT   

KUALA LUMPUR (April 10): Systems integrator [size=14]Digistar Corp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) has appointed Lee Chun Szen, 24, who is the son of its managing director Datuk Lee Wah Chong, as its executive director.

Wah Chong is a major shareholder of Digistar with a 23.86% stake.

In a separate announcement, Digistar announced it had acquired Sakura Management Sdn Bhd from Wah Chong and Lee Mely for RM200,000 cash.

Digistar said Sakura Management has not commenced any operations to-date, and its intended principal activities is the provision of property maintenance and related services.

Digistar (fundamental: 1.05; valuation: 0.6) closed half sen or 2.33% lower at 21 sen today, with 438,100 shares traded, giving it a market capitalisation of RM95.76 million.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations)
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