Quick take: Sedania jumps 63% in early trade


  • Business
  • Friday, 12 Apr 2019

KUALA LUMPUR: Shares in Sedania Innovator Bhd jumped 63% in early trade on Friday.


The counter, one of the top gainers on Bursa Malaysia, jumped 63.64%, or 10.5 sen to 27 sen with 33 million shares traded.


On Monday, Sedania announced that it is partnering with a consultancy firm specialising in Islamic finance solutions to explore opportunities in the Islamic financing space via a fintech or financial technology platform.


Its wholly-owned Sedania As Salam Capital Sdn Bhd (SASC) inked a joint venture (JV) and shareholders agreement on April 5 with Elzar Shariah Solutions Sdn Bhd to effect the partnership under a new JV company, under which SASC will hold a 70% stake while Elzar will have the remaining 30%.


Sedania said the principal objective of the new JV company is to carry out certain conceptualisation, development and commercialisation activities in relation to fintech and other solutions in Islamic finance.



Sedania

   

Across The Star Online


Air Pollutant Index

Highest API Readings

    Select State and Location to view the latest API reading

    Source: Department of Environment, Malaysia