We wish to inform that PT Formis Solusi Indonesia (FSI) has ceased its business operations in Jakarta.

FSI commenced business in July 2000. It was set up with the objective of becoming a leading IT solution provider in Indonesia. However, after intense scrutiny of FSI’s progress over its eight years of operations, Management felt that it have not been successful in meeting this objective. As a result of this and various issues and constraints, it was decided that the best measure to take at this point in time is to cease FSI’s business operations until further notice.

With this exercise, FSI is now an inactive wholly-owned subsidiary of Formis Holdings Berhad.