Dato’ Kasim Sotin
Kota Damansara, Selangor
Value Creation Initiative(s):
STMSB was well positioned for a potential growth as a recognized global medical device supply chain in Malaysia. To further support the company’s strategic development, VentureTECH assisted STMSB in gearing the internal governance towards amelioration.
By utilizing VentureTECH’s extensive network, accelerated expansion of the business has been made possible via collaboration with another healthcare-based business to manufacture STMSB’s new products into its pipeline.
As a result, PAT recorded an increase by 85.9%, with profit margins expanding from 6.1% to 11.5% since the first investment made in year 2017.