PUC to acquire fintech vertical for RM200mil

PUC group managing director and CEO Cheong Chia Chou

KUALA LUMPUR: PUC Bhd has entered into a heads of agreement for the purchase of the entire equity stakes in Alevate Capital Sdn Bhd and Alevate Solutions Sdn Bhd for RM200mil to be satisfied in cash and shares.

The vendors of the companies are Eatcosys Sdn Bhd, a wholly-owned subsidiary of Incite Innovation Sdn Bhd, and Tham Lih Chung.