KUALA LUMPUR (April 10): Systems integrator Digistar Corp Bhd has appointed Lee Chun Szen, 24, who is the son of its managing director Datuk Lee Wah Chong, as its executive director.

Wah Chong is a major shareholder of Digistar with a 23.86% stake.

In a separate announcement, Digistar announced it had acquired Sakura Management Sdn Bhd from Wah Chong and Lee Mely for RM200,000 cash.

Digistar said Sakura Management has not commenced any operations to-date, and its intended principal activities is the provision of property maintenance and related services.

Digistar (fundamental: 1.05; valuation: 0.6) closed half sen or 2.33% lower at 21 sen today, with 438,100 shares traded, giving it a market capitalisation of RM95.76 million.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations)