Pan Malaysian Pools Sdn. Bhd. (“PMP”) was incorporated in Malaysia on July 4, 1988. Its principal business is the conduct and management of the Numbers Forecast Totalisator business under the provision of the Racing (Totalisator Board) Act, 1961.
On 9 August 2011, Jana Pendidikan Malaysia Sdn Bhd (“JPM”) acquired the entire shareholding in PMP. Following the acquisition of PMP by JPM, all of PMP’s net dividends that JPM receives will be donated to The Community Chest (“TCC”). With this structure, PMP has effectively been transformed from a for-profit organisation into a social business, providing long term donations to TCC for the benefit of the Malaysian community.
Funded predominantly from the profits of PMP, TCC funds the establishment, development and advancement of schools and learning institutions which are not-for-profit and which do not receive sufficient funding or aid from the government or from the community.
For more information on PMP, kindly logon to www.damacai.com.my