The reverse takeover of PWE Industries Berhad by a new controlling shareholder, and its subsequent renaming to Pansar Berhad, will soon see the listing and requoting of the new entity’s 280 million ordinary shares of 50 sen each.
Speaking on behalf of the new Board, Pansar’s Managing Director Mr Jason Tai Hee described this as appropriate recognition of the Company’s progress to its next growth phase, given the timing being just ahead of Pansar’s half-century milestone year.
PANSAR was founded in 1961 by Tan Sri Dato Sri Tai Sing Chii whose bold vision, hard work, determination and perseverance transformed the humble hardware store in Sibu, Sarawak’s second-largest town, into the successful, sustainable, diversified and respected business group and community icon that it is today.
“Guided by that vision and ethos, and powered by a tradition of customer commitment, our seasoned and dedicated management team is turning PANSAR into an innovative and integrated solutions, systems and engineering company,” Mr Tai Hee said. As examples, he added that the Company has successfully installed large-scale air-conditioning systems, marine engines for ships of various sizes catering to various industries, power plants and rural electrification generator-sets, and roofing systems.
Mr Tai Hee, 47, is the sole executive director in the energised all-new Board chaired by Dato’ James Tai Cheong, with others being Mr Ting Ing Horh, Mr Ling Lee Chuon, and with Mr Stephen Chin Yun Chieh and En Azman Bujang as the two independent directors.
Pansar Berhad (www.pansar.com.my) is a trading and engineering company with a strong fifty-year track record centred on established world-renowned brands and backed by people with strong values, diverse experience and proven expertise. This adds unmatched value to innovative solutions it designs, installs, commissions and maintains for airports, hospitals, industrial complexes, oil and gas companies, power utility companies, shopping malls, universities, large commercial and residential buildings, and others in Malaysia and beyond. It will be requoted on the Main Market of Bursa Malaysia under the stock code “PANSAR” (8419).
FOR ENQUIRIES OR MORE INFORMATION, PLEASE CONTACT:
PANSAR BERHAD (FORMERLY KNOWN AS PWE INDUSTRIES BERHAD)
4th Floor, Wisma Pansar, 23 – 27 Jalan Bengkel
96000 Sibu
Sarawak – Malaysia
Tel: +60.84.333.366
Fax: +60.84.331.212
Web: www.pansar.com.my
SYLVIA KONG (HEAD, CORPORATE AFFAIRS)
Email: enquiries@pansar.com.my
Press Release:
