Insas creates a listable financial technology outfit


A foreigner using Numonis terminal. Insas will increase its stake in Numoni from 21.26 to 26.56 through the sale of its 51 owned subsidiary J&C Pacific

DIVERSIFIED group Insas Bhd has taken a firm step to break out of its brick-and-mortar business to enter the financial technology (fintech) segment.

It is forming a fintech firm that could possibly see a listing in the next eight months. Fintech is a segment of applied technology to enhance financial systems that include payment, money transfers, loans and fundraising.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Insas Bhd , fintech , IPO , listing , sale , deal , technology

   

Next In Business News

Over US$23bil potential projects identified under Indo-Pacific framework - Tengku Zafrul
MBSB sets financing portfolio growth target of RM44bil this year - group CEO
Bursa Malaysia closes higher on bargain hunting
Nestcon undertakes RM37.7mil contract in Kuala Langat
Sime Darby Property announces internal reorganisation plan
Country View unit to dispose of Pulai land for RM47.26mil
Asset-quality risk receding but remains high in several countries - Moody's Rating
HEB Group secures key contracts across multiple regions
Minimal direct impact on SP Setia's ops from fuel subsidy rationalisation
SIDC boosts capital market, addresses demand for sustainable investments

Others Also Read