DailySpaceDigistar Corporation Berhad
0029 · Main Market主板（Main Market） · annual reports 2023 to 2025, 246 entries read2023 至 2025 年报，共读出 246 条
The company这家公司
Digistar operates predominantly in Malaysia across concession arrangements, hotel management, central monitoring systems and construction, and in 2024 entered internet television through Panorama TV Asia Broadcast Sdn Bhd.Digistar 主要在马来西亚营运，业务涵盖特许经营安排、酒店管理、中央监控系统以及建筑施工，并于 2024 年通过 Panorama TV Asia Broadcast Sdn Bhd 涉足网络电视业务。
Source: annual report 2023, pages 11, 163; annual report 2024, page 10.出处：2023 年年报第 11、163 页；2024 年年报第 10 页。
In 2025, the concession project for a government training centre contributed RM23.11 million or 58.00% of revenue, and the hotel management division contributed RM13.72 million or 34.45% of revenue. At the end of 2023 and of 2024, the group had 2 major customers that accounted for approximately 95% of outstanding trade receivables.2025 年，政府培训中心特许经营项目贡献营业额 RM23.11 million（占 58.00%），酒店管理部门贡献 RM13.72 million（占 34.45%）。截至 2023 年及 2024 年年末，集团均有 2 家主要客户，约占未结清贸易应收款项的 95%。
Source: annual report 2023, page 168; annual report 2024, page 198; annual report 2025, page 12.出处：2023 年年报第 168 页；2024 年年报第 198 页；2025 年年报第 12 页。
LWC Capital Sdn Bhd is the largest shareholder with 174,111,556 shares or 27.748%. Datuk Wira Lee Wah Chong holds 7,059,600 shares directly (1.121%) and 174,330,602 shares deemed interest (27.783%). TA Nominees (Tempatan) Sdn Bhd pledged securities account for Gan Boon Tian holds 56,300,000 shares (8.972%), and Maybank Nominees (Tempatan) Sdn Bhd pledged securities account for Gan Boon Tian holds 24,000,100 shares (3.824%).LWC Capital Sdn Bhd 为最大股东，持有 174,111,556 股（占 27.748%）。Datuk Wira Lee Wah Chong 直接持有 7,059,600 股（1.121%），视同持有 174,330,602 股（27.783%）。TA Nominees (Tempatan) Sdn Bhd 质押证券账户（Gan Boon Tian）持有 56,300,000 股（8.972%），Maybank Nominees (Tempatan) Sdn Bhd 质押证券账户（Gan Boon Tian）持有 24,000,100 股（3.824%）。
Source: annual report 2025, pages 187, 188.出处：2025 年年报第 187、188 页。
On the board, Datuk Wira Lee Wah Chong sits with his sister Lee Mey Ling, his daughter Lee Jin Jean and his son Lee Chun Szen.在董事会中，Datuk Wira Lee Wah Chong 与其胞妹 Lee Mey Ling、其女儿 Lee Jin Jean 以及其儿子 Lee Chun Szen 共同在任。
Source: annual report 2025, page 6.出处：2025 年年报第 6 页。
Tan Sri Dato' Ir. Haji Zaini Bin Omar resigned on 30 May 2025, and Dato’ Sri Zohari Bin Akob was appointed as Chairman on the same day.Tan Sri Dato' Ir. Haji Zaini Bin Omar 于 2025 年 5 月 30 日辞任，Dato’ Sri Zohari Bin Akob 于同日获委任为主席。
Source: annual report 2025, pages 5, 86.出处：2025 年年报第 5、86 页。
External revenue by segment, 20252025 年各部门外部营业额
Source: annual report 2025, page 165.出处：2025 年年报第 165 页。
Major events大事记
Source: annual report 2023, page 121.出处：2023 年年报第 121 页。
Source: annual report 2023, pages 30, 39, 186.出处：2023 年年报第 30、39、186 页。
Source: annual report 2023, pages 30, 187.出处：2023 年年报第 30、187 页。
Source: annual report 2024, page 111.出处：2024 年年报第 111 页。
Source: annual report 2025, pages 5, 86.出处：2025 年年报第 5、86 页。
Source: annual report 2025, page 151.出处：2025 年年报第 151 页。
Revenue and profit or loss before tax营业额与税前盈利或亏损
Total assets, liabilities and equity总资产、总负债与总权益
20232023 年
A private placement of 104,153,806 new shares raised RM6,561,690 and the exercise of 13,638,451 warrants raised RM818,307. The board did not recommend any dividend. Digistar disposed of 100% of Panorama Tv Asia Broadcast Sdn. Bhd. for RM500,000 cash, while a subsidiary acquired 60% of that company for RM300,000. Under the settlement of a Melaka High Court suit, the defendant paid RM700,000 of the RM2,200,000 settlement sum during the year.私下配售 104,153,806 股新股筹得 RM6,561,690，行使 13,638,451 份凭单筹得 RM818,307。董事会未建议派发任何股息。Digistar 以 RM500,000 现金脱售 Panorama Tv Asia Broadcast Sdn. Bhd. 的 100% 股权，而一家子公司以 RM300,000 收购其 60% 股权。根据马六甲高等法院诉讼的和解协议，被告于年内支付了 RM2,200,000 和解金中的 RM700,000。
Source: annual report 2023, pages 38, 39, 121, 186.出处：2023 年年报第 38、39、121、186 页。
20242024 年
The group raised net proceeds of RM68,238,050 from medium term notes and received proceeds of RM7,760,025 from disposal of investment properties, while making net repayment of bonds of RM88,000,000. Exercise of warrants brought RM612,714 from 10,211,900 new shares. Prepayments included RM940,000 paid towards acquiring additional shares in Indera Persada Sdn. Bhd., and the board recommended no dividend.集团发行中期票据筹得净款项 RM68,238,050，脱售投资产业获得 RM7,760,025，同时净偿还债券 RM88,000,000。行使凭单发行 10,211,900 股新股带来 RM612,714。预付款项中包含为收购 Indera Persada Sdn. Bhd. 额外股份而支付的 RM940,000，董事会未建议派发股息。
Source: annual report 2024, pages 77, 78, 111, 158.出处：2024 年年报第 77、78、111、158 页。
20252025 年
Two private placement tranches raised RM3,360,490 from 78,700,000 shares and RM2,592,515 from 63,855,053 shares, and 9,743,100 warrants were exercised. The group made net repayment of bonds of RM19,795,466. Prepayments included RM1,230,000 paid for additional shares in Indera Persada Sdn Bhd, while cash flow showed acquisition of additional investment in subsidiary of RM270,000. The directors did not recommend any dividend.两批私下配售分别通过 78,700,000 股筹得 RM3,360,490，以及通过 63,855,053 股筹得 RM2,592,515，另有 9,743,100 份凭单获行使。集团净偿还债券 RM19,795,466。预付款项中包含为收购 Indera Persada Sdn Bhd 额外股份而支付的 RM1,230,000，现金流表显示收购子公司额外投资款项为 RM270,000。董事未建议派发股息。
Source: annual report 2025, pages 78, 86, 88, 108, 149, 185.出处：2025 年年报第 78、86、88、108、149、185 页。
Across the three years三年合看
Trade receivables were 47% of total assets each year, at RM147,129,207 in 2023, RM135,963,252 in 2024 and RM132,053,850 in 2025. Pledged buildings securing bank borrowings stood at RM69,031,210 in 2023, RM67,353,208 in 2024 and RM66,876,874 in 2025. Pledged fixed deposits with licensed banks were RM18,152,556 in 2023, RM11,367,982 in 2024 and RM8,745,146 in 2025. No dividend was recommended in any of the three years.贸易应收款项每年均占总资产的 47%，2023 年为 RM147,129,207，2024 年为 RM135,963,252，2025 年为 RM132,053,850。抵押给银行以取得借款的建筑物账面值在 2023 年为 RM69,031,210，2024 年为 RM67,353,208，2025 年为 RM66,876,874。已抵押的持牌银行定期存款在 2023 年为 RM18,152,556，2024 年为 RM11,367,982，2025 年为 RM8,745,146。三份年报均未建议派发任何股息。
Source: annual report 2023, pages 38, 54, 116, 129; annual report 2024, pages 77, 91, 145, 159; annual report 2025, pages 86, 95, 142, 151.出处：2023 年年报第 38、54、116、129 页；2024 年年报第 77、91、145、159 页；2025 年年报第 86、95、142、151 页。
Still to be spent尚未支出的承诺
Other payables held RM14,449,776 (2024: RM12,959,838) received from the government for the asset replacement programme during the concession period, with any unutilised funds returning to the government upon concession expiry. Prepayments included RM1,230,000 paid to a third party towards acquiring additional shares in Indera Persada Sdn Bhd.其他应付款项中包含特许经营期间从政府收到的资产重置计划款项 RM14,449,776（2024 年：RM12,959,838），特许期满后未使用的资金归还政府。预付款项中另有 RM1,230,000 用于向第三方收购 Indera Persada Sdn Bhd 的额外股份。
Source: annual report 2024, page 171; annual report 2025, pages 149, 162.出处：2024 年年报第 171 页；2025 年年报第 149、162 页。
Four years of figures四年数字
Group figures, in RM, as printed in the statements.集团数字，单位令吉，照财务报表所印。
| Group集团 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 49,886,094 | 47,613,125 | 46,051,610 | 39,833,658 |
| Profit/(Loss) before tax税前盈利／（亏损） | (2,026,094) | 273,833 | (5,079,597) | (5,324,314) |
| Loss for the financial year财年亏损 | (4,613,687) | (1,943,913) | (6,855,350) | (7,954,346) |
| Net cash from operating activities营运活动所得现金净额 | 30,002,841 | 23,621,544 | 25,593,204 | – |
| Net cash used in financing activities融资活动所用现金净额 | (34,599,900) | (24,495,936) | (34,392,906) | (18,966,549) |
| Total assets总资产 | 322,460,483 | 311,050,303 | 290,207,388 | 282,671,154 |
| Total liabilities总负债 | 265,650,116 | 248,603,853 | 234,003,574 | 227,976,591 |
| Total equity总权益 | 56,810,367 | 62,446,450 | 56,203,814 | 54,694,563 |
| Cash and cash equivalents at end of year年末现金与现金等价物 | 19,743,999 | 26,300,917 | 26,506,120 | 38,751,690 |
| Fixed deposits with licensed banks持牌银行定期存款 | 40,098,617 | 35,179,469 | 17,127,412 | – |
| Cash and bank balances现金与银行结余 | 16,510,517 | 18,021,682 | 31,975,291 | – |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| Expanding business into internet television services in 2024 through subsidiary Panorama TV Asia Broadcast Sdn Bhd with Indonesia's MNC Group计划于 2024 年通过子公司 Panorama TV Asia Broadcast Sdn Bhd 与印尼 MNC Group 合作进军网络电视业务 | The 2024 report recorded the venture into internet TV in collaboration with MNC Group, and later reports noted partnerships with global providers including CCTV and Mimyuni.2024 年报记录了与 MNC Group 合作进军网络电视业务，后续年报指出与包括中国央视及 Mimyuni 在内的全球伙伴展开合作。 Source: annual report 2023, page 9; annual report 2024, page 10; annual report 2025, page 13.出处：2023 年年报第 9 页；2024 年年报第 10 页；2025 年年报第 13 页。 | Launched已推出 |
| Board and Nomination Committee assessing the objective of increasing the number of Independent Directors董事会与提名委员会评估增加独立董事人数的目标 | The exact statement of assessing and addressing the matter to increase Independent Directors appears unchanged in subsequent reports.评估并处理增加独立董事人数的表述在后续年报中原样重复。 Source: annual report 2023, page 22; annual report 2024, page 58; annual report 2025, page 67.出处：2023 年年报第 22 页；2024 年年报第 58 页；2025 年年报第 67 页。 | Repeated unchanged原样重复 |
| Looking to expand the reach of the Heritage brand internationally计划将 Heritage 品牌拓展至国际市场 | Stated again in the subsequent report, and the group remains focused on expanding the Heritage brand into international markets.在后续年报中再次提及，集团仍专注于将 Heritage 品牌拓展至国际市场。 Source: annual report 2023, page 10; annual report 2024, page 11; annual report 2025, page 11.出处：2023 年年报第 10 页；2024 年年报第 11 页；2025 年年报第 11 页。 | Still stated as future focus仍列为未来重点 |
| Aiming to capture 50% market share across hotels and serviced apartments in Malaysia within five years目标在五年内拿下马来西亚酒店与服务式公寓 50% 的市场份额 | The later report restated the target as 50% penetration across hotels, hospitals, and serviced apartments within five years.后续年报将目标重述为五年内在酒店、医院和服务式公寓达到 50% 渗透率。 Source: annual report 2024, page 13; annual report 2025, page 13.出处：2024 年年报第 13 页；2025 年年报第 13 页。 | Target restated重申目标 |
What the reports leave open年报留下待看的事
- Trade receivables stood at RM132,053,850, representing approximately 47% of total assets, with accumulated impairment losses of RM12,430,433.贸易应收款项达 RM132,053,850，约占总资产的 47%，累计减值损失为 RM12,430,433。
Source: annual report 2025, pages 95, 147, 174.出处：2025 年年报第 95、147、174 页。
- The 18-year concession agreement with the government ends on 31 August 2031, while bonds of RM97,414,141 and medium term notes of RM68,210,582 remain outstanding.与政府签订的 18 年特许经营协议将于 2031 年 8 月 31 日到期，而 RM97,414,141 的债券及 RM68,210,582 的中期票据仍未清偿。
Source: annual report 2025, pages 13, 178.出处：2025 年年报第 13、178 页。
- Prepayments include RM1,230,000 paid to a third party towards acquiring additional shares in subsidiary Indera Persada Sdn Bhd.预付款项中包含为收购子公司 Indera Persada Sdn Bhd 额外股份而向第三方支付的 RM1,230,000。
Source: annual report 2025, page 149.出处：2025 年年报第 149 页。
- Management committed on 17 November 2025 to a plan to sell a leasehold land and building, presented as assets held for sale.管理层于 2025 年 11 月 17 日承诺执行出售一项租赁土地及建筑物的计划，该资产列为持有待售资产。
Source: annual report 2025, page 151.出处：2025 年年报第 151 页。
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-24.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-10-24。