KUALA LUMPUR: The trading stock in Revenue Group Bhd
rose in early trade today following reassurance that its operations remain unaffected by recent events.
The shares of the payment solutions provider opened one sen higher to 28 sen apiece but rose to a high of 34 sen a share in early morning trade.
As at 10.25am, the stock was the most actively traded on Bursa Malaysia with 97.2 million units done.
In a late-evening statement yesterday, newly appointed group executive director Francis Leong Seng Wui said clients can continue to expect the same high quality of products and services from the company.
"We want to reassure our stakeholders that our operations are unaffected by recent events and our clients can expect seamless and reliable payment processing services from us.
"Internally, we now have in place a new board of directors, whose collective relevant experience and knowledge provide the group with enhanced governance, leadership and overall management quality,” he said.
In the same statement, Payments Network Malaysia Sdn Bhd (PayNet) chief commercial officer confirmed that it continues to collaborate with Revenue and has not experienced any changes in the company's service levels.
"Revenue has been and continues to be our valued partner. We have full confidence in their ability to provide reliable payment processing services to their clients,” he said.
Leong, who was appointed to the board of Revenue in January, has emerged as a substantial shareholder in the company with a 5.63% stake, according to Bloomberg data.
He was also on the board of Classita Holdings Bhd, but a stock exchange filing from the company yesterday revealed that he has resigned "to focus on other work commitments".
