Under the concept of shared services, our Information Technology (network infrastructure and security administration) and Company Secretariat are centralised at e2 Power Sdn Bhd, a wholly-owned subsidiary of Oversea-Chinese Banking Corporation Limited. Both e2 Power Sdn Bhd and OCBC Capital (Malaysia) Sdn Bhd are sister companies with Oversea-Chinese Banking Corporation Limited.
The shared services provide operating companies under the group, including Pacific Mutual, the benefits of better economies of scale and improved efficiency. Given the greater resources at the group level, the depth and breadth of skills, which could be applied, will far exceed that at the company level. The Company is then freed to be more focused on its core competencies.