On 21st October 2009, FORMIS BASS Software hosted its Solutions Day at Shangri-la Hotel, Kuala Lumpur.

Themed ‘ The Time Is Now - Aligning IT / IS with your business in coping with the financial crisis and the challenges beyond ‘, the event that was specially put together for the financial services industry drew fairly good response from the banking, insurance and securities sectors.

The industry experts talked on industry best practices, investing in practical solutions and the right technology to help lower costs and deliver results - more so now than ever to weather the prolonged economic downturn.

Networking was in full swing during the breaks, lunch and solutions showcase session. Some of the solutions showcased were our partners’ systems ( RMSS’ Enterprise Risk Intelligence, QlikView’s Business Intelligence, InfoConnect’s Workflow and Imaging System, Four J’s Genero, IBM and ECS ) and FORMIS BASS’ home grown insurance, securities and banking solutions.

The event concluded with a grand draw with the lucky winners walking away with a HP mini notebook and a Garmin.

The event was well received by participants. ( based on positive feedback ) On the whole, it was a successful day, in terms of turnout, presentation and opportunity to meet and network with participants from the Financial Services Industry.

A big THANK YOU to our partners and sponsors RMSS, Qlikview, Four J’s, InfoConnect, IBM, ECS and Avnet for making this event possible.

Check out Bernama’s mention of the event : http://www.bernama.com.my/bernama/v5/newsindex.php?id=448554

We are happy to announce and welcome Ms Mah Xian-Zhen to Formis Group.
 
Xian-Zhen holds two portfolios ;  Director of Wang Corporation Sdn Bhd as well as Personal Assistant to the Chief Executive Officer of Formis Resources Berhad.

Xian-Zhen, a graduate of Wellesley College, USA  is also a qualified lawyer who was called to the Bar of England and Wales in 2006 and admitted to the Malaysian Bar in 2007. Prior to joining Formis Group, she was a Legal Assistant in Shook Lin & Bok. 

Xian- Zhen also has an array of work experiences ranging from volunteering in various grass-roots and non-governmental organisations both locally and abroad to working as a research intern at the Institute for Strategic & International Studies. Xian-Zhen is fluent in English, Mandarin, Malay and Spanish.

 

The Malaysian Administrative Modernization and Management Planning Unit (MAMPU) recently held its “1 e-GOV Conference 2009”  in Putrajaya International Convention Center (PICC). In conjunction with the conference, a mini expo was held and Formis took the opportunity to showcase the “e-Court” solution.

Formis Resources Bhd (FRB) announced it is divesting its 90% subsidiary Diversified Gateway Bhd (DGB) to ISS Consulting Solutions Bhd (ISS) for RM99 million, under a corporate exercise that will give FRB control of ISS, a company listed on the Ace Market of Bursa Securities.

The proposed sale consideration for DGB will be satisfied via the issuance of 990 million new ISS shares of 10 sen each to Formis Holdings Berhad or its nominee, resulting in a reverse takeover of ISS by FRB whereby FRB will hold 73.02% stake in the enlarged ISS. The share sale agreement for DGB was concluded at a signing ceremony held on 12 October 2009.

FRB is also proposing to distribute 185.9 million or 13.7% of the new ISS shares to its shareholders on the basis of one ISS share for every one FRB share held, reducing FRB’s stake in ISS to 59.3%.  FRB Group expects to realize a gain on disposal of approximately RM58.19 million (before consolidating the ISS Group with DGB) upon completion of the disposal.

(Photo-From Left to Right : Mr Harald Weinbrecht-CEO of ISS, Mr Jeremy Loo - Chairman of ISS, Dato’ Mah - CEO of FRB, Mr Lau Chi Chiang –MD of DGB, En Ahamad Khalid – Director of FRB, Tan Sri Dato’ Seri Megat Najmuddin – Chairman of FRB and Mr Robin Lim – ED of DGB)

When it comes to festive seasons, no matter how busy one is, we should not neglect those who are in need and who are less fortunate.

In conjunction with the Mid-Autumn Festival, Formis Computer Services Sdn Bhd (FCS) Sports Club paid a visit to the Kuala Lumpur Lion Renal Centre at Jalan Ipoh on 1st October 2009.

The group, led by Mr. Wong Wai Wah, FCS General Manager, was greeted by En. Azman, Chief Nurse.  We are happy to note that our boxes of mooncakes were received wiith a big smile.