PETALING JAYA: Systech Bhd is undergoing a strategic repositioning following a change in control, with its new leadership prioritising governance reforms, operational discipline and a pivot towards technology-driven recurring income streams.

“This is a new takeover, and we are strategically repositioning the company,” said executive chairman Datuk Ong Theng Soon in an exclusive interview with SunBiz.

He said the ACE Market-listed, IT-related company’s immediate focus is to strengthen its fundamentals while restoring confidence among shareholders, partners and the broader market.

“To rebuild market confidence is also a priority. We are positioning Systech for sustainable growth in the coming months.”

Ong, a lawyer by training with prior involvement in construction and development ventures, stressed that governance sits at the core of the company’s reset.

“Strengthening governance goes without saying. I believe that having strong governance is very important,” he said, adding that board effectiveness and management execution must be closely aligned with long-term strategy.

He noted that Systech’s board comprises members from diverse areas of expertise, which he believes will contribute meaningfully as the group enters its next phase.

The long-term objective, he said, is to build a stable leadership foundation anchored on prudent risk management and consistent value creation for shareholders.

Strategically, Systech is pivoting towards three key areas – property technology (proptech), digital infrastructure and e-commerce, as part of its evolution into a more modern, innovation-led technology group.

“These technology-driven solutions will help us generate recurring income and scalable income in the coming years,” Ong said.

He acknowledged that in today’s fast-moving digital landscape, maintaining the status quo is not an option. “To maintain the status quo is actually moving backwards. We have to keep ahead of time in order to stay relevant,” he added.

Within proptech, Systech is exploring opportunities linked to the consumer-oriented digital economy, particularly in the property market and property management segment. The group sees potential in leveraging digital platforms to support property-related services and engagement.

On the digital infrastructure front, Systech recently formalised a collaboration with Microlink Solutions Bhd and Applied Business Systems Sdn Bhd, marking its entry into the GPU-as-a-Service (GPUaaS) space.

The initiative enables the group to participate in the artificial intelligence (AI) infrastructure segment, offering organisations that require significant processing power access to high-performance GPU computing capabilities without investing heavily in building such infrastructure in-house.

The move reflects management’s intention to tap into rising demand for AI-driven applications and digital transformation initiatives across industries.

Beyond expansion plans, Ong emphasised that rebuilding trust remains central to the turnaround strategy.

He reiterated that governance and transparency are non-negotiable priorities, particularly in strengthening investor and shareholder confidence.

“With good governance, there is greater investor and shareholder confidence, and therefore, we will see better profitability in the future. But it all starts with good governance and transparency,” he said.

Under the new leadership team and with what he described as a supportive board, Ong believes Systech is better positioned to deliver clearer strategic direction and disciplined execution.

He said the group’s immediate priorities include strengthening core operations, supporting strategic and value-driven acquisitions, investing in technology capabilities and maintaining financial prudence throughout the transformation process.

“We are well-positioned to move forward in a steady and responsible manner.”
While the company remains open to expansion opportunities, including potential moves beyond its current footprint, Ong noted that any such plans would be subject to board consideration and approval.

For now, the focus is clear, reinforce governance, stabilise operations and build scalable digital capabilities that can deliver sustainable growth over time.

As Systech embarks on its next chapter, management is betting that stronger fundamentals, disciplined oversight and a sharper digital focus will lay the groundwork for renewed market confidence and longer-term resilience.

As part of its AI push, Systech’s collaboration with Microlink Solutions and Applied Business Systems centres on deploying enterprise-grade GPU infrastructure to offer on-demand AI computing services.

The partnership combines hardware supply and configuration with Systech’s integration and service capabilities, enabling organisations to access high-performance computing without heavy upfront capital expenditure.

The move positions the group within Malaysia’s growing AI and data-driven digital economy.

 The Sun Malaysia