Reported Earnings • May 23
Third quarter 2026 earnings released: EPS: RM0 (vs RM0.001 in 3Q 2025) Third quarter 2026 results: EPS: RM0 (down from RM0.001 in 3Q 2025). Revenue: RM16.8m (up 85% from 3Q 2025). Net loss: RM111.0k (down 120% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • May 22
Divfex Berhad (KLSE:DFX) acquired remaining 49% stake in Finther Tecnologica Sdn Bhd for MYR 0.185 million Divfex Berhad (KLSE:DFX) acquired remaining 49% stake in Finther Tecnologica Sdn Bhd for MYR 0.185 million on February 27, 2026. A cash consideration of MYR 0.185 million will be paid by Divfex Berhad.
Divfex Berhad (KLSE:DFX) completed the acquisition of remaining 49% stake in Finther Tecnologica Sdn Bhd on February 27, 2026. Reported Earnings • Feb 27
Second quarter 2026 earnings released: EPS: RM0.003 (vs RM0 in 2Q 2025) Second quarter 2026 results: EPS: RM0.003 (up from RM0 in 2Q 2025). Revenue: RM23.7m (up 55% from 2Q 2025). Net income: RM2.51m (up RM2.16m from 2Q 2025). Profit margin: 11% (up from 2.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 20
First quarter 2026 earnings released: EPS: RM0.002 (vs RM0.001 loss in 1Q 2025) First quarter 2026 results: EPS: RM0.002 (up from RM0.001 loss in 1Q 2025). Revenue: RM29.8m (up 153% from 1Q 2025). Net income: RM1.09m (up RM1.92m from 1Q 2025). Profit margin: 3.7% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annuncio • Oct 30
Divfex Berhad, Annual General Meeting, Dec 05, 2025 Divfex Berhad, Annual General Meeting, Dec 05, 2025, at 10:30 Singapore Standard Time. Location: dewan berjaya, bukit kiara equestrian and country resort, jalan bukit kiara, off jalan damansara, 60000 kuala lumpur Malaysia Reported Earnings • Aug 31
Full year 2025 earnings released: EPS: RM0.007 (vs RM0.009 in FY 2024) Full year 2025 results: EPS: RM0.007 (down from RM0.009 in FY 2024). Revenue: RM82.0m (up 49% from FY 2024). Net income: RM5.41m (down 19% from FY 2024). Profit margin: 6.6% (down from 12% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (27% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (RM74.6m market cap, or US$17.6m). Reported Earnings • May 21
Third quarter 2025 earnings released: EPS: RM0.001 (vs RM0.002 in 3Q 2024) Third quarter 2025 results: EPS: RM0.001 (down from RM0.002 in 3Q 2024). Revenue: RM9.07m (down 19% from 3Q 2024). Net income: RM558.0k (down 55% from 3Q 2024). Profit margin: 6.2% (down from 11% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annuncio • May 20
An undisclosed buyer acquired 50% stake in Hyperaccess Sdn. Bhd. from Divfex Berhad (KLSE:DFX) for MYR 0.08 million. An undisclosed buyer acquired 50% stake in Hyperaccess Sdn. Bhd. from Divfex Berhad (KLSE:DFX) for MYR 0.08 million on January 8, 2025. A cash consideration of MYR 0.08 million will be paid by the buyer. As part of consideration, MYR 0.08 million is paid towards common equity of Hyperaccess Sdn. Bhd.
An undisclosed buyer completed the acquisition of 50% stake in Hyperaccess Sdn. Bhd. from Divfex Berhad (KLSE:DFX) for MYR 0.08 million on January 8, 2025. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent & Non Executive Director Richard Lau was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (RM70.8m market cap, or US$15.8m). Reported Earnings • Feb 26
Second quarter 2025 earnings released: EPS: RM0.001 (vs RM0.002 in 2Q 2024) Second quarter 2025 results: EPS: RM0.001 (down from RM0.002 in 2Q 2024). Revenue: RM15.3m (down 16% from 2Q 2024). Net income: RM347.0k (down 76% from 2Q 2024). Profit margin: 2.3% (down from 8.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Feb 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (73% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (RM85.8m market cap, or US$19.3m). Reported Earnings • Nov 23
First quarter 2025 earnings released: RM0.001 loss per share (vs RM0.001 profit in 1Q 2024) First quarter 2025 results: RM0.001 loss per share (down from RM0.001 profit in 1Q 2024). Revenue: RM11.8m (down 30% from 1Q 2024). Net loss: RM823.0k (down 174% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 04
Full year 2024 earnings released: EPS: RM0.009 (vs RM0.007 in FY 2023) Full year 2024 results: EPS: RM0.009 (up from RM0.007 in FY 2023). Revenue: RM55.0m (down 28% from FY 2023). Net income: RM6.66m (up 29% from FY 2023). Profit margin: 12% (up from 6.8% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$100m (RM93.2m market cap, or US$19.8m). Reported Earnings • May 22
Third quarter 2024 earnings released: EPS: RM0.002 (vs RM0.002 in 3Q 2023) Third quarter 2024 results: EPS: RM0.002 (in line with 3Q 2023). Revenue: RM11.2m (down 35% from 3Q 2023). Net income: RM1.24m (down 20% from 3Q 2023). Profit margin: 11% (up from 9.0% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 01
Second quarter 2024 earnings released: EPS: RM0.002 (vs RM0.003 in 2Q 2023) Second quarter 2024 results: EPS: RM0.002 (down from RM0.003 in 2Q 2023). Revenue: RM18.1m (down 39% from 2Q 2023). Net income: RM1.46m (down 37% from 2Q 2023). Profit margin: 8.0% (up from 7.8% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Feb 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (RM96.9m market cap, or US$20.3m). Buy Or Sell Opportunity • Feb 07
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at RM0.13. The fair value is estimated to be RM0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 81% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jan 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 4.0% to RM0.13. The fair value is estimated to be RM0.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 81% over the last 3 years. Meanwhile, the company has become profitable. Board Change • Dec 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent & Non Executive Director Richard Lau was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 22
First quarter 2024 earnings released: EPS: RM0.002 (vs RM0 in 1Q 2023) First quarter 2024 results: EPS: RM0.002 (up from RM0 in 1Q 2023). Revenue: RM16.8m (up 196% from 1Q 2023). Net income: RM1.11m (up RM1.47m from 1Q 2023). Profit margin: 6.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annuncio • Oct 31
Divfex Berhad, Annual General Meeting, Dec 01, 2023 Divfex Berhad, Annual General Meeting, Dec 01, 2023, at 11:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2023 together with the Reports of the Directors and Auditors thereon; to approve the payment of Directors' fees of RM780,000 for the financial year ended 30 June 2023; to approve the payment of Directors' benefits of up to RM76,500 for the period from 2 December 2023 until the next Annual General Meeting of the Company; to elect/re-elect the Directors who are due to retire pursuant to the Company's Constitution; to re-appoint Grant Thornton Malaysia PLT as Auditors of the Company and to authorise the Directors to fix their remuneration; and to consider other matters. Reported Earnings • Aug 24
Full year 2023 earnings released: EPS: RM0.007 (vs RM0.002 in FY 2022) Full year 2023 results: EPS: RM0.007 (up from RM0.002 in FY 2022). Revenue: RM76.4m (up 380% from FY 2022). Net income: RM5.16m (up 243% from FY 2022). Profit margin: 6.8% (down from 9.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Jun 23
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (RM82.0m market cap, or US$17.5m). Annuncio • May 26
Divfex Berhad Reports Impairment Charges for the Three Months Ended March 31, 2023 Divfex Berhad reported impairment charges for the three months ended March 31, 2023. For the period, the company reported Property, plant and equipment written off of MYR 20,000. Reported Earnings • May 26
Third quarter 2023 earnings released: EPS: RM0.002 (vs RM0.002 loss in 3Q 2022) Third quarter 2023 results: EPS: RM0.002 (up from RM0.002 loss in 3Q 2022). Revenue: RM17.2m (up RM14.9m from 3Q 2022). Net income: RM1.55m (up RM2.96m from 3Q 2022). Profit margin: 9.0% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 24
Second quarter 2023 earnings released: EPS: RM0.003 (vs RM0.004 in 2Q 2022) Second quarter 2023 results: EPS: RM0.003 (down from RM0.004 in 2Q 2022). Revenue: RM29.7m (up RM25.2m from 2Q 2022). Net income: RM2.32m (down 26% from 2Q 2022). Profit margin: 7.8% (down from 70% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Nov 23
First quarter 2023 earnings released: EPS: RM0 (vs RM0.001 loss in 1Q 2022) First quarter 2023 results: EPS: RM0 (improved from RM0.001 loss in 1Q 2022). Revenue: RM5.66m (up 73% from 1Q 2022). Net loss: RM359.0k (loss narrowed 67% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Nov 03
Full year 2022 earnings released: EPS: RM0.002 (vs RM0.025 loss in FY 2021) Full year 2022 results: EPS: RM0.002 (up from RM0.025 loss in FY 2021). Revenue: RM15.9m (up 59% from FY 2021). Net income: RM1.50m (up RM19.9m from FY 2021). Profit margin: 9.4% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annuncio • Nov 01
Divfex Berhad, Annual General Meeting, Dec 08, 2022 Divfex Berhad, Annual General Meeting, Dec 08, 2022, at 11:00 Singapore Standard Time. Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2022 together with the Reports of the Directors and Auditors thereon; To approve the payment of Directors' fees of RM498,000 for the financial year ended 30 June 2022; to approve the payment of Directors' benefits of up to RM76,500 for the period from 9 December 2022 until the next Annual General Meeting of the Company; and to discuss other matters. Buying Opportunity • Oct 31
Now 21% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be RM0.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 82% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 31
Full year 2022 earnings released: EPS: RM0.002 (vs RM0.025 loss in FY 2021) Full year 2022 results: EPS: RM0.002 (up from RM0.025 loss in FY 2021). Revenue: RM15.9m (up 14% from FY 2021). Net income: RM1.50m (up RM20.1m from FY 2021). Profit margin: 9.4% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • May 26
Third quarter 2022 earnings released: RM0.002 loss per share (vs RM0.001 loss in 3Q 2021) Third quarter 2022 results: RM0.002 loss per share (down from RM0.001 loss in 3Q 2021). Revenue: RM2.33m (down 26% from 3Q 2021). Net loss: RM1.41m (loss widened 31% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Annuncio • Apr 15
Insas Technology Berhad completed the acquisition of QBI Packaging Sdn Bhd from Diversified Gateway Solutions Berhad (KLSE:DGSB). Insas Technology Berhad agreed to acquire QBI Packaging Sdn Bhd from Diversified Gateway Solutions Berhad (KLSE:DGSB) for MYR 3.43 million on January 4, 2021. Consideration will be satisfied with cash. For the year ended June 30, 2021, QBI Packaging Sdn Bhd reported revenue of MYR 3.999 million, EBIT of MYR -0.206 million, and net income of MYR -0.270 million. Transaction is subject to approval of DSGB shareholders approval, due diligence consummation, and is expected to be completed by the first Quarter of 2022. The company intends to utilize the disposal consideration to partly satisfy the DGSB proposed acquisitions. As of March 31, 2022. The shareholders of DGSB have approved the Transaction. The transaction is expected to completed with in 14 days. M&A Securities Sdn. Bhd. acted as financial advisor for Diversified Gateway Solutions Berhad.
Insas Technology Berhad completed the acquisition of QBI Packaging Sdn Bhd from Diversified Gateway Solutions Berhad (KLSE:DGSB) on April 14, 2022. Reported Earnings • Feb 26
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.004 (up from RM0.002 loss in 2Q 2021). Revenue: RM4.49m (up 55% from 2Q 2021). Net income: RM3.13m (up RM4.65m from 2Q 2021). Profit margin: 70% (up from net loss in 2Q 2021). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Annuncio • Jan 05
Insas Technology Berhad agreed to acquire QBI Packaging Sdn Bhd from Diversified Gateway Solutions Berhad (KLSE:DGSB) for MYR 3.43 million. Insas Technology Berhad agreed to acquire QBI Packaging Sdn Bhd from Diversified Gateway Solutions Berhad (KLSE:DGSB) for MYR 3.43 million on January 4, 2021. Consideration will be satisfied with cash. For the year ended September 30, 2021, QBI Packaging Sdn Bhd reported revenue of MYR 3.999 million, EBIT of MYR -0.206 million, and net income of MYR -0.270 million. Transaction is subject to approval of DSGB shareholders approval, DSGB and ITB board approval, due diligence consummation, and is expected to be completed by the first Quarter of 2022. The company intends to utilize the disposal consideration to partly satisfy the DGSB proposed acquisitions. Reported Earnings • Nov 18
First quarter 2022 earnings released: RM0.001 loss per share (vs RM0.002 loss in 1Q 2021) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2022 results: Revenue: RM3.27m (down 6.5% from 1Q 2021). Net loss: RM1.07m (loss narrowed 11% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 28
Full year 2021 earnings released: RM0.025 loss per share (vs RM0.011 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: RM14.0m (down 3.0% from FY 2020). Net loss: RM18.6m (loss widened 131% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • May 28
Third quarter 2021 earnings released: RM0.001 loss per share (vs RM0.002 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: RM3.13m (down 3.7% from 3Q 2020). Net loss: RM1.08m (down 166% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Annuncio • Dec 16
Diversified Gateway Solutions Berhad Announces Redesignation of Dato' Dr Tan Seng Chuan from Executive Director to Vice Chairman Diversified Gateway Solutions Berhad announced redesignation of DATO' DR TAN SENG CHUAN from Executive Director to Vice Chairman. Date of change is 15 December 2020. Reported Earnings • Nov 19
First quarter 2021 earnings released: RM0.002 loss per share The company reported a poor first quarter result with increased losses and weaker revenues and control over expenses. First quarter 2021 results: Revenue: RM3.50m (down 84% from 1Q 2020). Net loss: RM1.20m (loss widened 166% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 21
New 90-day high: RM0.23 The company is up 100% from its price of RM0.12 on 23 July 2020. The Malaysian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 3.0% over the same period. Annuncio • Aug 10
Diversified Gateway Solutions Berhad Announces Appointment of Kenny Chin Wui Chee as Group Chief Executive Officer Diversified Gateway Solutions Berhad announced appointment of Kenny Chin Wui Chee as new Group Chief Executive Officer. Kenny has more than 20 years of working experience across a range of industries relevant to lead Diversified Gateway Solutions Berhad. He started his career in Cable & Wireless Hong Kong Telecom in 2000 and soon became the youngest Customer Service Manager in REACH Limited, a joint venture undersea cable entity, owned by Pacific Century CyberWorks (PCCW-HKT), Hong Kong & Telstra, Australia. He then moved on to a short stint with Compass Strategic Advisory Sdn Bhd as a manager, and then to BWW-WSF Sdn Bhd, an exhibition/events management company as Senior Manager. In 2009, he took on the role of Senior Manager in PT Bank Central Asia Tbk, the large privately-owned bank in Indonesia. At BCA, he was tasked to develop, set up and grow its Malaysian operations. Mr. Kenny went on to work as a Senior Manager with CIMB Investment Bank to develop a proprietary payment system regionally. This is followed by a regional position in regulatory compliance in 2015 with MoneyGram, a major global remittance company. His last role since 2018 was as the Chief Executive Officer of Numoni DFS Sdn Bhd in Malaysia, a remittance and e-money issuer licensee of Bank Negara Malaysia. Date of change is August 10, 2020.