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Private technology player, Innov8tif Holdings Sdn Bhd, announced it intends to buy Xendity Sdn Bhd, a wholly owned subsidiary of listed company Green Packet Bhd, for RM17.5mil cash. ....
KUALA LUMPUR (Feb 4): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Friday, Feb 5) include: My EG Services Bhd (MyEG), Solarvest Holdings Bhd, Green Packet Bhd, GHL System Bhd, Solution Group Bhd, Tropicana Corp Bhd, Reservoir Link Energy Bhd, CIMB Group Holdings Bhd and Ranhill Utilities Bhd. My EG Services Bhd ( MyEG) said it will introduce an at-home saliva-based Covid-19 testing service in the Philippines this month the first of its kind in the Philippines market. The group called the Covid-19 test a safe, fast, convenient and non-invasive method that can greatly enhance accurate detection and subsequent early intervention. ....
Green Packet group managing director and chief executive officer CC Puan: “With Xendity’s partners and strong business pipelines within Malaysia, Indonesia and Thailand, we project a 15% compounded annual growth rate (CAGR) with over RM100mil revenue over the next five years and a healthy profit margin. has completed the acquisition process of the entire equity interest in Xendity Pte Ltd after securing the go-ahead from its shareholders. The acquisition is strategic for Green Packet as Xendity’s e-Know Your Customer (e-KYC) software will complement Green Packet’s enterprise products and solutions. This acquisition is expected to boost the revenue and earnings of Green Packet’s digital operations. ....