In a statement, Paramount, which has interest in the education business, said its wholly owned subsidiary Magna Intelligent Sdn Bhd (MISB) has signed a conditional share subscription agreement with P2P Venture Sdn Bhd and Omegaxis Sdn Bhd for a 30% equity interest in Omegaxis
PETALING JAYA: Paramount Corp Bhd has proposed to acquire a 30% stake in a peer-to-peer (P2P) financing platform at a total cash consideration of RM13.7mil, marking its foray into the fintech sector.
In a statement, the property developer, which has interest in the education business, said its wholly owned subsidiary Magna Intelligent Sdn Bhd (MISB) has signed a conditional share subscription agreement with P2P Venture Sdn Bhd and Omegaxis Sdn Bhd for a 30% equity interest in Omegaxis.
Limited time offer:
Just RM5 per month.
