KUALA LUMPUR (Nov 7): Pertama Digital Bhd (KL:PERTAMA) said it is confident of finalising a plan to fix its finances after a warning of potential trading suspension sent shares of the software company tumbling on Friday.
The company is asking for an extension of up to Feb 28, 2026 to submit a regularisation plan with the due diligence for two key acquisitions already in the final stages, Pertama Digital said. The extra time would allow the audits to meet Malaysian and Singaporean reporting standards, it noted.
“Pertama Digital is confident of submitting its regularisation plan within the requested extension period,” the company said in a statement.
Shares of Pertama Digital, already a penny stock, lost more than two-thirds of their value within 15 minutes of trading on Friday. The stock was last traded at five sen, valuing the company at a little under RM22 million.
Pertama Digital is seeking to acquire 80% equity interest in each of D-Ron Singapore Pte Ltd and D-Ron Malaysia Sdn Bhd, which the company says form the “cornerstone” of its regularisation plan. Headquartered in Singapore, D-Ron focuses on video surveillance systems.
The preparation of the due diligence reports and pro-forma financials is on track for completion within the fourth quarter of 2025, consistent with the timeline detailed in the company’s extension application submitted, the company said.
“While the temporary trading suspension may cause concern, shareholders and investors are encouraged to take comfort in the tangible progress and long-term value creation represented by the company’s ongoing initiatives,” Pertama Digital added.