Posted by ran777rpt > 2017-12-04 14:39 | Report Abuse

Other players include AEON Credit Service (M) Bhd, Alipay Malaysia Sdn Bhd, Axiata Digital eCode Sdn Bhd, ManagePay Services Sdn Bhd, PayPal Pte Ltd, Touch ’n Go Sdn Bhd and XOX Com Sdn Bhd.

Five banks, namely AmBank (M) Bhd, Bank of China (M) Bhd, CIMB Bank Bhd, Malayan Banking Bhd and RHB Bank Bhd, have also received the green light from the central bank to become e-money issuers.

For perspective, there are two types of e-money schemes — the small scheme and the large scheme — which are determined by the purse size and the outstanding e-money liabilities.

PUC said in the Sept 7 announcement that it has obtained approval from Bank Negara to issue e-money under the large scheme, which refers to a maximum purse limit of RM1,500. In comparison, the small scheme only allows a maximum purse limit of RM200.

It is worth noting that PUC recently embarked on a few exclusive collaborations with some start-ups, paving the way for the company to build its e-wallet business.

Last month, PUC announced that its wholly-owned subsidiary, Founder Qube Sdn Bhd (FQ), has signed a memorandum of understanding with Hong Kong-based Advwhere Ltd for a collaboration, where FQ will be appointed with the exclusive right to sell Cloudbreakr digital advertisement placement solutions across Malaysia, Indonesia and Singapore.

PUC is also teaming up with point-of-sale services provider Bersian Technology (M) Sdn Bhd to implement a cross-marketing collaboration.

In June, PUC signed an exclusive partnership agreement with Laputa Ventures Sdn Bhd to use the latter’s advertising platform, dubbed Moola, to offer on-vehicle advertising.



Variation to utilisation of proceeds

While PUC has obtained approval as an e-money issuer and identified its partners, it needs the funds to launch the service.

It has said RM36.45 million had been allocated for the rolling out of the e-money scheme.

Interestingly, the money will be coming from the RM42.65 million raised from a rights issue of irredeemable convertible unsecured loan stocks (ICULS) in February last year. PUC is in the process of obtaining clearance from the relevant regulators to vary the utilisation of the proceeds.

Posted by ran777rpt > 2017-12-04 14:40 | Report Abuse

“PUC has submitted its request to Securities Commission Malaysia. Barring any unforeseen circumstances, the company should be able to call an extraordinary general meeting as early as December to get shareholders’ approval,” says a source familiar with the company.

To recap, The Edge in April reported that PUC had net cash of RM43.3 million, RM42.65 million of which it cannot use for any purpose other than to expand its renewable energy business.

In October 2015, PUC proposed the issuance of ICULS with warrants to raise up to RM83.9 million, but only managed to get RM42.65 million to fund its solar expansion programme.

In February last year, Jack Cheong Chia Chieh, the chief of PUC, died of a sudden illness at the age of 44.

Market observers have pointed out that his brother and successor, Cheong Chia Chou, who was appointed the new managing director last December, is not keen on the renewable energy business that was started by the late Chia Chieh. Instead, he is more interested in developing the company’s IT business.

Under the feed-in-tariff programme, PUC currently operates a 1mw capacity solar photovoltaic power plant in Sungai Petani, Kedah. The output will be supplied to Tenaga Nasional Bhd at a fixed rate.

To date, however, PUC has yet to be awarded any new project despite efforts to apply for quota with the Sustainable Energy Development Authority of Malaysia and Energy Commission.

Year to date, shares of PUC have risen 223%. The stock closed at 21 sen last Thursday, giving the company a market capitalisation of RM284 million.

Posted by Hussainy Yusree > 2017-12-04 14:54 | Report Abuse

yeah this news just appear now!! hold in tight

Posted by DaitoRyu > 2017-12-04 15:50 | Report Abuse

We knew this last week, nothing new in this press release.

Posted by hom3boy > 2017-12-04 16:20 | Report Abuse

today market seem like not good. Puc keep dropping

Posted by billionn > 2017-12-04 17:47 | Report Abuse

Seilor! 0.1 coming soon good news is bad news lor

Posted by fkser > 2017-12-04 18:32 | Report Abuse

Can't to up haha

Posted by fkser > 2017-12-04 18:52 | Report Abuse

0.185 coming soon

Posted by ran777rpt > 2017-12-04 19:04 | Report Abuse

Yes fu*kser.

Posted by billionn > 2017-12-04 23:38 | Report Abuse

Always fry cold rice nothing else hot and juicy? For instance, director strike supreme jackpot ke or magnum first price 100 big 100 small la. Come on be creative lor

Posted by Firsthand > 2017-12-05 10:50 | Report Abuse

now start buy till 2 week before cny

Posted by billionn > 2017-12-05 14:57 | Report Abuse

Who is giving out the angpow? We or the punters?

Posted by Firsthand > 2017-12-05 15:30 | Report Abuse

keep buying

Posted by poorinvestor > 2017-12-05 15:40 | Report Abuse

Puc is back !

Posted by Aboveall > 2017-12-05 15:47 | Report Abuse

who is this firsthand ??? insider ??

Posted by WM Niaga > 2017-12-05 16:03 | Report Abuse

ok bro..BUY..BUY!!

Posted by jackielee22 > 2017-12-05 16:39 | Report Abuse

just buy dont ask

Posted by VenFx > 2017-12-05 16:39 | Report Abuse

STRONG !

Posted by lextcs > 2017-12-05 16:40 | Report Abuse

new leader in town

Posted by BonZema72 > 2017-12-05 17:09 | Report Abuse

The giant is making

Posted by Hussainy Yusree > 2017-12-05 17:35 | Report Abuse

i told u all yesterday guys

Posted by 891088 > 2017-12-05 17:54 | Report Abuse

TQ Puc

Posted by billionn > 2017-12-05 19:39 | Report Abuse

Lol tomorrow back to 0.195 again

Posted by kokojerry > 2017-12-05 20:06 | Report Abuse

Today received some iculs meeting from PUC.... inside have business expansion plan details...

Posted by Firsthand > 2017-12-05 22:07 | Report Abuse

CNY will over take pallete

Posted by billionn > 2017-12-05 23:08 | Report Abuse

Dear Punters if you want people to follow you should break the resistance of 0.225 from there sure you will become the future star LOL

Posted by Skng Keong > 2017-12-06 09:45 | Report Abuse

Push higher everyone will Happy...

Posted by superstarstevenlim > 2017-12-06 09:48 | Report Abuse

coming soon, big announcement mid dec, hope more people sell so that we cn get it at a better price before it goes up during the announcement mid dec

Posted by jiyoung > 2017-12-06 10:57 | Report Abuse

how you know got big announcement?

Posted by superstarstevenlim > 2017-12-06 11:19 | Report Abuse

if you look at shareinvestor(have to pay to use), they will be having a EGM and SGM on the 21st of december 2017, big announcement might be coming up, good or bad news, we will not know till the annoucement is made

Posted by DaitoRyu > 2017-12-06 15:12 | Report Abuse

Highly unlikely to be bad news. You can also find notifications on the main bursa website which is free.

Posted by Pewuf > 2017-12-06 21:32 | Report Abuse

Can someone explain to me more on the repayment offer by PUC, are they telling us they will buy back the ICULS from us at 5sen each despite its trading price ?

Posted by Leon Yap > 2017-12-07 01:16 | Report Abuse

The repayment offer is not a buy back. Is more of a requirement rather than a proposal to reward ICULS holders. They are forced to do the repayment offer, something like a Mandatory GO.

Posted by Leon Yap > 2017-12-07 01:18 | Report Abuse

If the market price is much higher than the offer price, shareholders can opt to ignore the offer.

Posted by Sumika > 2017-12-07 08:21 | Report Abuse

They have to offer those who do not agree in the revised usage of money raised by ICULs... but nobody is going to opt for that cause they will get back maybe 4 sen, instead of selling it at 16 sen now. Its a formality.

Posted by sonichead > 2017-12-07 09:11 | Report Abuse

The PUC Mobile App is an e-commerce mobile application system platform that is
intended to provide value-added services including features for cashless transactions
such as e-wallet and/or other e-payment services, and advertising and media services.
The PUC Mobile App may also include features allowing users to shop in an emarketplace,
search for a place on an online directory, earn reward points, benefit from
vouchers and promotions and other convenience enhancing features. The intended
key features of the PUC Mobile App include:

(i) cashless, instantaneous and secured transactions performed through and within
the PUC Mobile App;

(ii) ability for users to earn reward points by making transactions through the PUC
Mobile App and manage and use the reward points to redeem purchases or
vouchers;

(iii) ability for users to shop in an e-marketplace platform within the PUC Mobile
App. This e-marketplace platform will allow merchants to post product and
service listings and/or catalogues in standardised formats through the PUC
Mobile App;

(iv) online directory of physical stores/outlets from various product/service categories
as well as access to review and rate the stores/outlets and view the average
ratings and review the stores/outlets, average price and images of product or
service;

(v) platform for users to queue, make reservations and manage their orders for food
and beverage outlets to enhance mobile digital experience and convenience for
its users; and

(vi) marketing platform which will enable advertisers to undertake mobile advertising
with the option to target their advertisements and promotions to specific user
demographics and profiles which also complements our existing advertising and
media services business

Posted by BonZema72 > 2017-12-07 14:05 | Report Abuse

Wow. Greats mobile App. Must download and use it.

Posted by fatwealthprofit > 2017-12-07 17:05 | Report Abuse

https://klse.i3investor.com/blogs/fatprofitfatwealth/140773.jsp

Posted by fkser > 2017-12-07 18:50 | Report Abuse

Tomorrow down 2cent

Posted by Datokim > 2017-12-07 20:05 | Report Abuse

After jalan jalan see see look look, today last minutes sapu many many lot of mother !!!! Oh. .......if drop 2 sen then I lost 50 k !!!!!???..... takpa lah ,I just love puc, play 4 round heavy profit 4 rounds !!!!!!! This round.....emmmm.... sailang round !!!!!!! You think I loose or make money ???? Kikikikikik

Posted by kokojerry > 2017-12-07 22:12 | Report Abuse

On boarding.....

Posted by Ameera > 2017-12-07 22:45 | Report Abuse

:)

Posted by fkser > 2017-12-08 08:05 | Report Abuse

Good luck

Posted by jackielee22 > 2017-12-08 08:16 | Report Abuse

Counting down to take off

Posted by Datokim > 2017-12-08 08:59 | Report Abuse

Attack again !!!!!!

Posted by Asianpay > 2017-12-08 09:19 | Report Abuse

Gap up soon? Hopefully! Buy more before it gaps up.

Posted by fkser > 2017-12-08 15:20 | Report Abuse

After 4pm down back

Posted by BonZema72 > 2017-12-08 16:34 | Report Abuse

fxxser. Down ur head?

Posted by Aboveall > 2017-12-08 16:38 | Report Abuse

i keep attack !!!!!!!!! more seller come more i attack !!! kikikikiki

Posted by Datokim > 2017-12-08 16:44 | Report Abuse

you help me I help you !!!! kikiki