AN ORGANISATION TRANSFORMED AND ENERGISED During FY2022, we delivered on our ambitious transformation roadmap, executing several key transactions that included the acquisition of a 60 per cent stake in SilTerra Malaysia Sdn Bhd (“SilTerra”) – a global player in the semiconductor industry – after the increase of our stake in Ping Petroleum Limited (“Ping”) to 90 per cent at the end of the financial year preceding the year under review. These strategic moves mean we now have a much stronger balance sheet, with a war chest to capitalise on additional growth opportunities moving forward. With the new assets at our disposal, our first priority was to optimise their financial performance, which we achieved by implementing targeted operational efficiency and cost management measures. We then initiated plans to expand our capacities and enhance our capabilities, approving much needed capital expenditure plan for our Technology division and pursuing strategic partnerships across all divisions. Just as important as the operational measures we undertook, have been our efforts to achieve consistency and coherence in our approach. As a leading player in our respective industries, doing so is vital to ensure that our presence creates longterm value for our shareholders, our people and the communities and natural environments that support us. Armed with this overarching focus, we have initiated specific strategies across human resources, governance and Sustainability, which I will expand upon below. 23 DNeX INTEGRATED REPORT 2022
RkJQdWJsaXNoZXIy NDgzMzc=