MYEG unit obtains renewal of moneylender's licence

KUALA LUMPUR: My EG Services Bhd's sub-subsidiary MY EG Finance Technologies Bhd has obtained a renewal of the moneylender's licence from the Ministry of Housing and Local Government.

In a filing with Bursa Malaysia, the group said the license would enable MY EG Finance to carry out activities in relation to money lending service, which complements its existing business activities.

The licence shall run for two years from Jan 15, 2024 to Jan 14, 2026.