New CEO ready to transform Digiland

Singapore

DIGILAND International, a loss-making computer distributor, wants to accelerate its transformation into an oil and gas company with the appointment of a new chief executive officer last week.

The mainboard-listed company, which is changing its name to New Silkroutes Group Ltd on Tuesday, is aiming to boost its market value to as much as US$150 million within a year to draw fund managers investing in small-cap stocks, CEO Goh Jin Hian said. That is double Digiland's worth at Friday's close.