AFTER successfully steering Main Market-listed FSBM Holdings Bhd out of its PN17 classification and restoring financial viability, Pang Kiew Kun a.k.a. K.K. Pang has tendered his resignation as managing director effective yesterday (Jan 26).
According to a Bursa Malaysia filing, Pang, 53, resigned from the FSBM board “to focus on the development of the smart manufacturing business at the subsidiary level”.
During his tenure, Pang had led the strategic re-positioning of the group which has its origin in Fujitsu Systems Business (M) Sdn Bhd from a traditional technology services provider into a smart manufacturing and AI-driven solutions entity.
This culminated in a strong focus on supporting Malaysian manufacturers – particularly SMEs (small medium enterprises) – in their Industry 4.0 and digitalisation initiatives.
His leadership period included the successful upliftment of FSBM from Practice Note 17 (PN17) status, thus marking the closure of a critical chapter in the group’s restructuring journey.
In the course of this transformation, FSBM’s smart manufacturing arm, FSBM MES Elite Sdn Bhd, has received industry recognition at the Malaysia Smart Manufacturing Awards (MSMA) 2025 whereby it was conferred a Special Award for Technology Excellence to acknowledge the group’s contribution as an Industry 4.0 enabler in Malaysia.
As FSBM continues to evolve, it has eventually shifted its business directions alongside its existing smart manufacturing and Industry 4.0 initiatives.
“I joined FSBM with a clear mandate: to rescue the company and rebuild its credibility. That mandate has been delivered,” commented Pang in a ‘farewell’ statement.
“I’m handing over a company with its house fully in order. The accounts are reconciled, the PN17 status is resolved and the governance framework is gradually restored.
“Whatever financial or strategic decisions the board takes from tomorrow onwards are theirs to make on this clean foundation.”
Added the electronic engineering alumnus of Oxford Brookes University, UK who assumed his post in May 2024:
“As the group has changed its business direction, I believe it is appropriate for me to move on and remain focused on the areas where I can create the most direct impact.
“My conviction is to drive real-economy transformation by helping manufacturers move up the value chain through practical, scalable, AI-powered technology and advanced data analytics.
“I’m stepping away to ensure no dilution of focus in my pursuit of advancing Malaysia’s AI and digital ecosystem. I wish the group well in its new direction.”
At the close of today’s (Jan 27) mid-day trading, FSBM was up 0.5 sen or 2.86% to 18 sen with 1.51 million shares traded, thus valuing the company at RM98 mil. – Jan 27, 2026
