Revenue Group eyes 40% of Wannatalk

Revenue managing director and group CEO Eddie Ng Chee Siong (pic) said this acquisition would provide a niche for Revenue and further enhance the payment security feature, which is important in the payment industry

PETALING JAYA: Cashless payment solutions provider Revenue Group Bhd has proposed to acquire a 40% stake in Wannatalk Malaysia Sdn Bhd (WMSB) for RM5mil cash.

In a filing with Bursa Malaysia, Revenue Group said its wholly-owned subsidiary Revenue Harvest Sdn Bhd (RHSB) had entered into a share sale agreement with Tan Sze Hoo for the acquisition of 6,000 ordinary shares in WMSB, representing 40% equity interest in WMSB for RM5mil.