Digistar bids for ICT jobs worth RM200m

KUALA LUMPUR: Systems engineering and integration group Digistar Corp Bhd has tendered for up to RM200 million of information and communications technology jobs.

Digistar managing director Datuk Wira Lee Wah Chong said up to 80 per cent of the tender jobs are for the local market and the balance from overseas.

It was learnt that Digistar has tendered broadcast systems integration jobs in Indonesia and Brunei.

"We believe this year will be a very busy year for us. We are quite confident of our chances," he told pressmen after the company's extraordinary general meeting held here yesterday.

Wira said the results of the tender should be known in the next three to four months.

Digistar's order book currently stands between RM30 million and RM40 million.

Wira believes the group's prospects are favourable in tandem with the positive outlook of the industries as well as the development of new projects, which will boost its business growth.

The group plans to expand into the broadcasting and interactive pay television segments to drive its business growth in Malaysia and to address new markets, namely in the Southeast Asia region.

It will also embark into central monitoring system (CMS) engineering as well as operations of central monitoring stations to seek opportunities and new growth areas.

"We are very excited about the CMS business. This segment will provide us with a recurring income and could be a key contributor to the group," he said.

Digistar will start providing CMS in Malaysia by April. It expects the segment to contribute to its income this year.

Meanwhile, Wira said the company is studying plans on the three individual licences it received earlier from the Malaysian Communications and Multimedia Commission to provide network facilities and services.

"These new licences have opened doors for us. However, we have to plan carefully as broadcasting technology keeps changing all the time," he said.

Yesterday, its shareholders approved the company's plans to raise up to RM34.42 million via a renounceable rights issue of up to 137.7 million 10 sen shares on the basis of two rights shares for every five existing Digistar shares, together with 103.25 million detachable warrants on the basis of three free warrants for every four rights shares subscribed.