Discussion is well underway with "a Hong Kong-based company that has similar business activities as CyberTouch but on a smaller scale," said the company chief financial officer Bob Lim when contacted by Malaysia.CNET.com.
"Choosing this mode of expansion enables us to have instant access to Hong Kong market and the company's existing headcount. It would have taken us much more time if we establish the office from scratch."
He declined to reveal acquisition costs but confirmed the office in Hong Kong is slated to open in June.
The offices in Taiwan and Singapore each cost US$1 million (RM3.8 million) to set up, Lim said. They were established in January 1999 and this month respectively.
CyberTouch plans to expand into China and Japan within the next 18 months and is also working towards an initial public offering (IPO) within that time-frame, added Lim.
Earlier this month, the company announced an Employee Share Option Plan (ESOP) for all its employees in Malaysia.
The scheme is to enable participating employees to share in the growth and wealth creation of the company as well as to provide them with an opportunity to accumulate capital for their future economic security.
"It is designed to benefit all employees in Malaysia as opposed to traditional plans where options have been given exclusively to certain employees only. Our employees are key to our success, hence it makes sense to provide them with an equity stake in the company."
He said the scheme may be extended to its staff in Taiwan and Singapore at a later stage.
Established in 1996, CyberTouch's core expertise is in helping clients re-invent themselves for the Net economy and to dotcom their enterprises.
Its offerings are centered on three main areas--strategy, technology and creativity.
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