M&A - JOCOM HOLDINGS CORP.

Form Type: 10-K

Filing Date: 2025-05-05

Corporate Action: Acquisition

Type: Update

Accession Number: 000164117225008460

Filing Summary: Jocom Holdings Corp. completed the acquisition of 100% equity interests in JHC Digital Sdn. Bhd., based in Kuala Lumpur, Malaysia, for $2,120 USD on June 12, 2024. This strategic move aims to expand their business into e-commerce and logistics, leveraging the existing data analytic services provided by the company. The subsidiary will enhance Jocom's reach and facilitate a broader range of services including online trading and logistics management. The Company emphasizes the integration of technology in optimizing grocery supply chains while also investing in data analytic solutions like the JOCOM AI Smart Platform, targeting advancements in customer service and operational efficiency. Furthermore, a commitment to incorporating cybersecurity measures and compliance with regulatory standards was mentioned, ensuring the protection of both consumer data and operational integrity. Plans for marketing and customer engagement were outlined including the use of e-commerce platforms to connect producers directly with consumers, enhancing market efficiency and supply chain dynamics.