Go Hub Capital Berhad (Malaysia)

The company was incorporated on 3 June 2022 as a private limited company and is domiciled in Malaysia.
The principal activity of the Company is investment holding whilst our subsidiaries are principally involved in the provision of enterprise IT services, focusing on providing transportation IT solutions (including customised software development systems and integration of hardware and software systems) in the bus and rail segments. The company offerings also extend to include maintenance and support services as well as terminal management services for the IT solutions delivered.
2011 - NSS (NSS IT Solution Sdn Bhd) was incorporated as a private limited company on 17 October 2011.
2012 - NSS commenced operations as a provider of IT hardware and accessories.
2013 - Tan Cherng Thong undertook an advisory role in NSS to provide business advisory and project management functions. NSS began to embark on the D D to develop a digital ticketing solution for stage bus services pursuant to the business advisory guidance from Tan Cherng Thong. NSS successfully developed MyBus (presently known as BOS) catering for stage bus services, which streamlines the ticket sales between bus operators and passengers. MyBus also includes other ancillary modules such as fleet management, driver tracking system, performance management and sales tracking system. NSS subsequently secured its first contract with Mara Liner Sdn Bhd to launch MyBus in Malaysia. As at the LPD, Mara Liner Sdn Bhd remains as our customer for BOS since 2013.
2014 / 2015 - Tan Cherng Thong joined NSS as the CEO in May 2014 and became a director and major shareholder of NSS in August 2015. Prior to joining our Group, Tan Cherng Thong, our Promoter, had through his private vehicle TCT International secured the first TOS project in 2011 from Maju TMAS for TBS, an integrated bus terminal that serves all southern, eastern and northern-bound destinations in Peninsular Malaysia. TCT International worked with Maju TMAS to provide our solutions to transform the operations and management of the terminal. TCT International's business was subsequently streamlined and consolidated into NSS in 2021 (“Consolidation of Business”). MyBus expanded into the SPAD's Stage Bus Service Transformation Programme. SPAD was subsequently dissolved in 2018. Thereafter, APAD was established in January 2019 under the Ministry of Transport Malaysia, where APAD assumed the role (previously held by SPAD) to oversee the Stage Bus Service Transformation Programme.
2016 - TCT Apps was incorporated as a private limited company on 18 October 2016 to venture into software development business.
2017 - NSS completed the implementation of TOS (comprising the TMS and CTS) for a bus terminal located in Pahang. NSS expanded its TOS (comprising CTS only) for Terminal Larkin Sentral in Johor, where the company conducted test runs in 2017 prior to the CTS going-live at the terminal in 2018.
2018 - NSSPH was incorporated as a private limited company on 19 January 2018 by NSS to expand our operations to the Philippines. NSSPH secured a contract to implement and install TOS (comprising TMS and CTS) for Paranaque Integrated Terminal Exchange, located in Manila, the Philippines.
2019 - NSS implemented TOS (comprising TMS and CTS) at Terminal Melaka Sentral and provided terminal management services (where NSS's primary function is to assume the role of a system operator to operate the TOS at the terminal).NSS developed the KTMB Integrated Ticketing System (“KITS”), a ticketing solutions platform for KTMB serving Shuttle Tebrau, Komuter Utara, ETS and Intercity passenger routes. The KITS integrates management and operational system software with hardware which includes ACGs and TVMs at KTMB's stations.
2020 - TCT Apps developed GoPartner. NSS secured the contract to provide TOS (comprising TMS and CTS) at Terminal Bersepadu Gombak, an integrated bus terminal that has been earmarked to service the East Coast region of Peninsular Malaysia upon completion of the construction of the terminal and commencement of operations scheduled in the 2nd quarter of 2024.
2021 - NSS expanded its TOS (comprising TMS and CTS) and terminal management services for Terminal Klang Sentral and Kompleks Hentian Bas MBKT. NSS expanded its TOS (comprising CTS only) for a bus terminal located in Sepang, Selangor. TCT Apps developed GoHub.com.my.
2022 - TCT Apps launched GoGPS. TCT Apps expanded GoPartner's solution offerings to cater to customers who require inventory and reservation management system to manage their bookings for sports, accommodations and cultural performance. NSS secured the contract to provide and implement AFC for KTMB.
2023 - Completion of the customisation and installation of the AFC at the identified rail stations.
2024 - TCT Apps further expanded GoHub.com.my website's offerings with the soft launch of booking modules for ferry rides, campsites, homestays and sports centres operators.
The Group through NSS had entered into sale and purchase agreements with Joyful Star Sdn. Bhd. on 19 April 2024 to acquire the entire block of 8 storey semi-detached corporate office, Corporate Park, Star Central @ Cyberjaya consisting of Parcel No. 11-G-01, 11-01-01, 11-02-01, 11-03-01, 11-04-01, 11-05-01, 11-06-01 and 11-07-01 from Joyful Star Sdn. Bhd. held under Master Title Geran 339485, Lot 111284, Bandar Cyberjaya, Daerah Sepang, Negeri Selangor for a total built-up area measuring approximately 18,960 sq ft together with the buildings and accessory parcels erected thereon bearing postal address of 11-G-01, 11-01-01, 11-02-01, 11-03-01, 11-04-01, 11-05-01, 11-06-01 and 11-07-01, Corporate Park, Star Central, Lingkaran Cyber Point Timur, Cyber 12, 63000 Cyberjaya, Selangor for a total purchase consideration of approximately RM12.90 million.
On 11 March 2020, the World Health Organisation declared the COVID-19 outbreak as a pandemic in recognition of its rapid spread across the globe. Many countries including the Malaysian Government imposed the Movement Control Order (“MCO”) to curb the spread of the COVID-19 pandemic. The COVID-19 pandemic also resulted in travel restriction, lockdown and other precautionary measures imposed in various countries. The emergence of the COVID-19 pandemic since early 2020 has brought significant economic uncertainties in Malaysia and markets in which the Group operates (as the Group primarily serves the bus and rail segments in Peninsular Malaysia).
The Group has performed assessments on the overall impact of the situation on the Group s operations and financial implications, including the recoverability of the carrying amount of assets and subsequent measurement of assets and liabilities, and concluded that there was no material adverse effect on the combined financial statements for the financial years ended 31 December 2020, 31 December 2021, 31 December 2022 and 31 December 2023