PETALING JAYA: Earlier last week, a minor development took place in the e-know-your-customer (e-KYC) space, but the deal could be laying the foundational blocks for a local player to strengthen itself in this particular sphere.
A local private technology player called Innov8tif Holdings Sdn Bhd announced it is in the process of purchasing the full equity stake of Xendity Sdn Bhd (Xendity), a wholly owned subsidiary of listed company Green Packet Bhd
, for a cash consideration of RM17.5mil.
The announcement was made through a bourse filing by Green Packet, which currently owns Xendity through its Singapore-registered subsidiary Xendity Pte Ltd, just before the Chinese New Year break.
...