KUALA LUMPUR (May 16): Pertama Digital Bhd (KL:PERTAMA), which runs the digital court bail payment system e-Jamin, said it is in discussions with the relevant authorities to allow the company to continue operating the system.

In a Bursa Malaysia’s filing on Thursday, Pertama said its unit Dapat Vista (M) Sdn Bhd had received a “directive letter” dated April 30 from the Office of the Chief Registrar of the Federal Court of Malaysia, requiring it to transfer all e-Jamin funds and accrued interest to the main receiving account of the Prime Minister's Department.

Additionally, the company was instructed to cease operations of the e-Jamin system and revert to manual bail processes from May 19 onwards.

In response to the letter, Pertama said its subsidiary Dapat Vista is currently "working towards obtaining the approval from the relevant regulatory authorities to continue providing services via e-Jamin moving forward”.

“The directive will have a significant impact on the group's operations as well as revenue stream since e-Jamin has been a crucial component of the group’s business since its inception in January 2020.

“The e-Jamin system is intact and Dapat is currently in discussions with several banks to facilitate the transition,” it said.

Pertama’s filing follows a local news report detailing a circular from the Malaysian Bar Council informing all members to stop using the e-Jamin system and revert to manual bail processes starting May 19.

Pertama returned to the black in the fourth quarter ended Dec 31, 2023 (4QFY2023) — after six consecutive quarters of losses — with a net profit of RM11,000, compared to a net loss of RM39.98 million a year earlier. Revenue surged 40.59% to RM1.59 million from RM1.13 million, primarily driven by e-Jamin.

Pertama said that it will make further announcements regarding any new development in accordance with Bursa Malaysia Securities Bhd's Main Market Listing Requirements.

Shares in Pertama closed five sen or 2.15% lower at RM2.28 on Thursday, valuing the company at RM999.12 million.