Reposted from https://censof.com/kcom-welcomes-new-shareholders-from-millet-world/
Kuala Lumpur, 23 December 2019 – Knowledgecom Corporation Sdn Bhd (“KCOM”), a subsidiary of Censof Holdings Berhad (“Censof”) welcomes new strategic shareholders at its Singapore subsidiary, Knowledgecom Pte Ltd (“KCOMS”), with the aim of strengthening its market presence in Singapore.
Speaking at the signing ceremony, Chief Executive Officer of KCOM, Mr. S. T. Rubaneswaran said, “There is rising demand for programmes to upskill and prepare the workforce for the Industry 4.0 era. Our expansion into Singapore is a great way for us to gain recognition as a formidable training provider that accelerates the digital skills of the workforce to become future ready.”
A leading player in designing and delivering Information Technology training programmes for more than 10 years, KCOM is spearheading Beyond4, an initiative to integrate Industry 4.0 practices and technology into businesses’ operations.
In Malaysia, KCOM has tied up with the Hong Leong Financial Group Berhad via HLX Management Sdn Bhd, an innovation exchange startup wholly owned by property arm, GuocoLand Malaysia Berhad to operate a digital campus at Menara HLA.
Today, KCOM signed a share sale agreement to strategically divest 30% of its stake in KCOMS to Mr. Philip Teng Chee Wan and Dr. Sharon Lim Siok Lin for SGD 300,000 (equivalent to approximately RM918,000 based on exchange rate of SGD1:RM3.06). KCOM will retain a 70% interest in KCOMS.
This follows the partnership announced on 18 April 2019 with Millet World Pte Ltd (“Millet World”) for both parties to collaborate and develop business in education, training and skills development in emergent technologies.
Mr. Philip Teng and Dr. Sharon Lim, whom are directors of Millet World, have many years of academia, research and training background, and experience in Deeptech, Fintech, Internet of Things (“IoT”), as well as business and property investments. Mr. Philip Teng has a Masters in Electrical and Computer Engineering in Carnegie Mellon University while Dr. Sharon Lim earned her Doctorate degree in Computer Science from Royal Melbourne Institute of Technology. Both of them have a strong business network within Singapore and the ASEAN region and are passionate about accelerating businesses’ growth via regionalization.
Mr. S. T. Rubaneswaran concluded, “KCOM is pleased to welcome these two highly capable individuals onboard. We hope to leverage on Mr. Philip and Dr. Sharon’s strong expertise and knowledge to strengthen our market footprint in Singapore and potentially, throughout the ASEAN region.”
“Their invaluable input will enable us to develop suitable programmes that cater to the Singaporean workforce and businesses. Furthermore, they can also open doors for us to work together with Singapore universities as well as the public sector to deliver our training programmes.”