KUALA LUMPUR: FSBM Holdings Bhd managing director Pang Kiew Kun has tendered his resignation effective immediately after successfully steering the company out of its PN17 classification and restoring financial viability.
During his tenure, Pang led the strategic repositioning of FSBM from a traditional technology services provider into a smart manufacturing and AI-driven solutions company, with a strong focus on supporting Malaysian manufacturers—particularly SMEs—in their Industry 4.0 and digitalisation initiatives.
His leadership period included the successful uplift of FSBM from PN17 status, marking the closure of a critical chapter in the group’s restructuring.
In the course of this transformation, FSBM’s smart manufacturing arm, FSBM MES Elite Sdn Bhd, also received industry recognition at the Malaysia Smart Manufacturing Awards (MSMA) 2025, where it was conferred a Special Award for Technology Excellence, by the former Minister of Investment, Trade and Industry (MITI), Senator Tengku Datuk Seri Utama Zafrul, acknowledging the company’s contribution as an Industry 4.0 enabler in Malaysia.
As FSBM continues to evolve, the company has changed 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.
“I am 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.
“As the company 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 am 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,” Pang said.
