2008 was in fact a year of CHANGE for PJBUMI Berhad. Firstly, on 28th Feb 2008, Progressive Impact Corporation had acquired 30.2% of PJBUMI shares and became the substantial shareholder of the company.
Secondly, a new management team was created with the mission to turnaround PJBUMI Berhad, which was in the red since 2005. Most importantly, a change in business strategy was introduced and executed since middle of 2008 in order to position back the company as a profitable one.