FSBM Holdings in need of a white knight

UNOS Voice was first made available in Malaysia, Singapore, Hong Kong, Australia and Britain and then replicated in other countries

FSBM Holdings Bhd, once liked for its strong fundamentals, appears to be a pale shadow of its old self and is seeking a white knight to rescue it from its troubles.

The loss-making technology services and systems provider has to deal with legal issues and could be at a risk of falling into the PN17 category – a category for financially troubled firms – if debts from certain parties it is suing cannot be recovered, sources say.