Systech Bhd. (“Systech” or the “Company”), a technology-driven digital solutions provider, today announced that its wholly-owned subsidiary, Systech Capital Sdn. Bhd., has entered into a Heads of Agreement (“HOA”) to acquire a 51% equity interest in Propappa Alliance Sdn. Bhd. (“Propappa Alliance”), marking a strategic step in the Company’s diversification into the consumer-oriented digital economy.
From L-R: Mr. Lim Ying Ran, Executive Director of Systech Bhd, Dato’ Ong Theng Soon, Executive Chairman of Systech Bhd, Mr. Chua Boon Piew, Managing Director of Propappa Alliance Sdn Bhd and Mr. Lim Leong Cheong from Propappa Alliance Sdn Bhd.
The proposed acquisition represents Systech’s entry into the e-commerce and consumer platform space, broadening the Company’s business profile beyond its traditional enterprise and corporate technology services.
Through this investment, Systech aims to build a scalable consumer-facing digital ecosystem, with particular emphasis on property-related consumer solutions and PropTech-enabled marketplaces.
Propappa Alliance is a Malaysian-based e-commerce company principally engaged in online retail and digital consumer engagement. Upon completion of the proposed acquisition, Systech will hold a controlling stake in Propappa Alliance, enabling the Company to participate actively in the company’s strategic direction, management oversight, and execution of growth initiatives.
Leveraging its established technology capabilities, Systech intends to support Propappa Alliance through the deployment of digital infrastructure, data analytics, and platform optimisation. Over time, the Company will explore opportunities to integrate PropTech-related consumer applications, including property services, digital marketplaces, and value-added solutions that enhance consumer interaction within the property ecosystem.
The proposed acquisition aligns with Systech’s long-term strategy to develop diversified and recurring revenue streams while positioning the Company within structurally growing digital consumer segments.
Dato’ Ong Theng Soon, Executive Chairman of Systech Berhad, commented
“From the Board’s perspective, this proposed transaction is evaluated as an extension of Systech’s existing digital capabilities. The Board remains focused on ensuring that such initiatives are undertaken with appropriate oversight, discipline and governance.”
Mr. Chua Boon Piew, Founder and Principal of Propappa Alliance Sdn. Bhd., said
“We welcome this proposed partnership with Systech and see it as an opportunity to strengthen Propappa’s growth through the support of an established technology group. We believe Systech’s experience and capabilities can add value to our platform as we continue to build and scale our business.”
The Board believes that the expansion into consumer e-commerce and PropTech-related platforms offers meaningful growth optionality, while maintaining prudent capital discipline and risk management.
For more information, visit https://www.systech.asia/
