IT News Online – ARB’s Launches Cloud-Based Virtual AGA Solutions to Listed Companies and Creates Global Presence

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  • ARB is leveraging the great digital shift as well as guidance from SC to encourage listed issuers to continue leveraging technology beyond the MCO period, with the launch of its virtual AGA solutions, ARB WeMeet.
  • ARB WeMeet will be available to corporate clients at a competitive rate while offering solutions that promote proactive engagement with shareholders
  • The Group aims to capture 30% of listed companies in Malaysia, Singapore, Indonesia, Thailand and Australia, the objective being to generate a lucrative annual recurring income for the Group

KUALA LUMPUR, MALAYSIA – Media reach – October 13, 2021 – Listed on the main market information technology (“IT”) software and platform provider ARB Berhad (KLSE: 7181) (“ARB” or “Group”) launches its self-developed virtual general assembly (“VSM”) – ARB WeMeet to offer companies and shareholders a stress-free, intuitive and enriched experience.

ARB Executive Director Berhad Dato Sri ‘Larry Liew Kok Leong (??) said, “We are delighted with the launch of WeMeet, our state-of-the-art virtual shareholders’ meeting, which will meet the needs of shareholders and companies in the ‘new normal’. Since the start of the pandemic, we have been working tirelessly to develop a virtual meeting solution, leveraging our expertise in the digital space and our understanding of the importance of corporate governance and engagement with shareholders. is finally ready to serve the market, and we’ve made sure our solutions are competitively priced, making it easier for our business customers to transition to virtual meetings. “

ARB WeMeet are essential tools that will help revolutionize the way companies organize their annual meetings and engage with shareholders. Having a virtual meeting over a physical meeting has many advantages as it allows shareholders to easily participate in the meeting remotely. Following the COVID-19 pandemic, most companies and shareholders have realized the importance of the VSM tool. According to data from Computershare, 40% of annual general meetings (AGMs) worldwide were held virtually in the first seven months of 2021, compared to just 27% in 2020.

ARB WeMeet’s offering includes industry-leading video and audio experience, role-based meeting views, comprehensive meeting management tools, and real-time question-and-answer functionality.

“One of the criticisms of virtual shareholder meetings is the lack of engagement with shareholders, and the system can be open to abuse. With WeMeet, we are sure that the platform allows for a very engaging virtual experience and modern, starting with seamless meeting authentication, a ‘Zoom-like’ meeting experience and real-time question-and-answer functionality, ”said Dato ‘Sri Larry Liew.

He added that the platform also provides an integrated console to manage all aspects of the VSM experience, including seamless management of high quality video and audio, broadcast by multiple presenters, sharing of screen, management of meeting material and voting.

“WeMeet ensures that the voting process is transparent and that the meeting is open to engagement with shareholders.” Dato ‘Sri Larry Liew said, adding that shareholder democracy, especially retail investor access to boards of directors, will not be eroded with WeMeet solutions.

Since all companies listed on the stock exchanges in Malaysia, Singapore, Indonesia, Thailand and Australia would have to hold an annual general meeting on an annual basis except the extraordinary general meeting, this would offer enormous potential. for ARB. Based on the Group’s internal objective of capturing 30% of these markets, WeMeet should generate a lucrative recurring annual income for the Group.

According to Dato ‘Sri Larry Liew, the deployment of WeMeet in Malaysia is the first phase and although the VSM solution is competitive, he is confident that the group’s competitive prices and viable solutions that address some of the concerns regarding the virtual meeting, put ARB in a good position to conquer the market. Most of the Annual Shareholders’ Meeting will now take place exclusively online by remote communication. This decision was made in light of the Covid-19, public health concerns and the limits placed on public gatherings.

“We are also looking beyond Malaysia by attracting a global audience. We intend to help these companies go digital, because this has always been our priority. Considering the potential of WeMeet and the sustainable business model, we believe this to be a launching pad for us to expand our offerings. We welcome the partnership collaboration in the Asia-Pacific region to develop our market, ”he said.

About ARB Berhad

ARB Berhad (“ARB” or “Company”) was incorporated in Malaysia under the ACT in October 1997 and was listed on the main market of Bursa Malaysia Securities Berhad in February 2004.

The Company is primarily a supplier of software and computer platforms.

Its activity is mainly carried out in two (2) fields of activity:

1. Enterprise Resource Planning (“ERP”) – design and resale of customized ERP solutions

2. Internet of Things (“IoT”) – integrated solutions in systems, engineering, procurement, commissioning and management of IoT systems

Its expertise lies in the empowerment of companies through digital transformation and technological integration.

#ARBBerhad


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