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IFCA Office in China

The world is now focusing their attention on China, and like many other companies, IFCA too has jumped on the bandwagon. With the large market place to do business, IFCA has decided to open a Sales & Services Center in Shanghai. This office will focus on promoting business applications for the China market. The work force comprises of a team of professional programmers, spearheading the marketing and development of niche business applications.

Please join us in giving the China office our full support and best wishes. IFCA Shanghai’s office address: Unit 2801, Universal Mansion, 172, Yuyuan Road, Shanghai, Peoples’ Republic of China.

IFCA To Tap Huge Potential In China

KUALA LUMPUR, June 25 (Bernama) -- Integrated business solutions provider, IFCA MSC Bhd, aims to tap the huge market potential in China. Its group chief executive officer, Ken Yong, said under its expansion plan, the group would be investing RM2.5 million this year for its operation in Shanghai.

"We started our operations there at end of last year and the response has been encouraging. We provide fully integrated business solutions for our clients," he told reporters after the launch of its prospectus in conjunction ith IFCA's proposed listing at the Kuala Lumpur Stock Exchange's (KLSE) MESDAQ here Wednesday.

The group hopes to be listed by the end of July.

IFCA, one of the leading integrated business solutions providers in the country, currently offers software solutions to five industrial sectors - property development and management; construction and engineering; hospitality; finance and listing; and manufacturing and distribution.

"For the Chinese market, we are focusing on our property development solutions. Based on our past experience, when our client buys property development solutions, they will also buy other solutions products," Yong said.

He said property development solutions contributed 45 percent to the total sales in 2002.

Yong added that the group hoped to position itself in China before going on to establish itself as a global software provider.

Last year, the overseas market contributed RM4.18 million to its revenue.

"I am confident it will continue to contribute significantly to the group's revenue this year," he said.

-- BERNAMA

IFCA taps into China property software market

BY AHMAD ZUBER IBRAHIM

SOFTWARE house IFCA MSC Bhd (www.ifca.com.my) expects its software business to flourish as it strives to make a presence in China’s fast growing property market, while making inroads into other foreign markets.

The homegrown software company believes that China’s burgeoning economy was a ready market for its business solutions, notably the Property Plus integrated property software.

Formerly known as Software Online Sdn Bhd, the company offers four other industry-specific solutions – Contract Plus (construction and engineering), Loans Plus (finance and leasing), ERP Plus (manufacturing and distribution) and D’ Resort (hospitality).

CEO Ken Yong said IFCA was confident of achieving high growth in China after setting up a branch office in Shanghai late last year.

“We expect high growth as our products are high-end solutions. That is all we can say for now as we are under strict orders not to forecast financial achievements.

“Our optimism is based on the fact that there are about 600 property projects underway in Shanghai alone, and IFCA expects to get a fair share of the property software market,” Yong told reporters at the launch of the company's prospectus in Kuala Lumpur recently.

IFCA MSC Bhd, slated for a listing on the Mesdaq market of the Kuala Lumpur Stock Exchange (KLSE) on July 8, has issued 72.43 million new ordinary shares of 10 sen each at an issue price of 20 sen per ordinary share.

The company hopes to raise about RM14.5mil from the public issue, of which RM1.5mil would be used to invest in China and RM7mil for research and development.

Another RM1mil would be used for renovation and upgrading its PCs and office equipment, while RM3.2mil would be used as working capital. The balance will be used for its listing expenses.

Yong, who personally oversees the Shanghai branch, said results from its China venture were only expected later this year as a lot of work initially went into translating the software solution to meet the market needs there.

He said that IFCA, which has business in the Middle East and Africa, was considering opening branches in Jordan and South Africa in the near future.

Currently, the company works mainly through partners in Jordan, United Arab Emirates, Maldives, South Africa, Taiwan, Australia, Thailand, the Philippines, Indonesia and Singapore.

It claimed to have successfully implemented its software solutions in Britain, Australia, Maldives, Namibia and Botswana as well.

IFCA, with a 16-year track record, has about 14,300 licensed users in 12 countries spanning four continents. The IFCA Group has registered a turnover of RM23.41mil and net profit of RM2.87mil for the financial year ended Dec 31, 2002.

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