News

Status Of Prestariang Systems Sdn. Bhd. ("PSSB") As Channel Partner Of Microsoft Regional Sales Pte. Ltd. ("MICROSOFT")

We refer to our announcement dated 15 September 2020.

The Company wishes to announce that PSSB, a wholly owned subsidiary of the Company, had received a letter from Microsoft dated 22 December 2020, informing PSSB that it has terminated PSSB’s membership in the Microsoft Partner Network (“MPN”) and that effective 31 January 2021 (“Termination Effective Date”), PSSB is no longer an affiliate or a Microsoft “partner”.  In the meantime, it will be business as usual from now until 31 January 2021. 

Financial Impact

The Board wishes to highlight that Prestariang and its subsidiaries currently has other existing contracts under the Technology and Talent division which include Software, Training, Education, Talent Development and Management businesses.  These businesses are expected to continue to be sustainable and viable. The Company therefore will continue to focus growing the software & services and talent business segment.

This announcement is dated 23 December 2020.

Announcement Info