KUALA LUMPUR (Dec 27): ARB Bhd’s unit has set up a joint-venture with Orange Social Media Sdn Bhd (OSM) to develop and implement an enterprise resource planning (ERP) system platform.
ARB said the 51:49 joint-venture between ARB Development Sdn Bhd (ARBD) and OSM would allow ARB to leverage on its existing technical expertise and further develop its capabilities.
“It also allows the company to tap into the network of OSM to market the solution to potential customers,” ARB said in a bourse filing.
OSM is principally involved in the provisioning of computer, information technology and consumer services.
Under the partnership, ARBD will act as the sole contractor, consultant and manager to handle “all relevant resources”, ARB said. ARBD will also provide the ERP system software, software customisation and relevant operations.
Meanwhile, OSM will market the platform to business owners and provide the joint venture with access to relevant information and documents.
Shares of ARB closed unchanged at 30.5 sen today, giving the group a market capitalisation of RM88.06 million.