In the face of tough market conditions and competition from all sides, it is wise to look around, spot the multiple opportunities that are hiding out there and then give yourself the courage to persuade one of them in order to be a different and, even more importantly, a better version of your yesterday self.
Following this path, we are happy to share with the world today that Goodway Integrated Industries Berhad (GIIB Group) is diversifying into the national security solutions sector by buying the entire equity interest in S5 Systems Sdn Bhd for RM900mil.
S5 Systems, a Multimedia Super Corridor company with pioneer status, derives its income mainly from immigration security projects in Malaysia and overseas countries such as India,the Philippines and Vietnam.
The injection of S5 Systems into the Group structure is undoubtedly a significant milestone for GIIB’s corporate history as a listed entity, as this acquisition will not only diversify our revenue stream but also place the company in a more stable position against a difficult global business landscape. This corporate exercise will transform GIIB into a different value proposition company, and GIIB truly believes the acquisition will further enhance shareholders’ value.
The rubber manufacturing and retreading services business in GIIIB Rubber and Big Wheel under the current management will continue to advance towards further growth. The business will continue to add value to all our customers and the society around the world.