MyEG buys a stake in debt collection system provider for RM10.4mil

My EG Services is among the five Malaysian companies on Forbes

KUALA LUMPUR: MyEG Services Bhd's unit MyEG Capital Sdn Bhd is buying a 23.5% stake in Stampede Holdings Sdn Bhd, a debt collection system provider, for RM10.4mil.

Stampede owns Volare, a debt collection system that automates and standardises key collection process.

“The investment is in the best interest of the company...and on terms that are not detrimental to the interest of the minority shareholders of the company,” it said in a filing with Bursa Malaysia.