Relax ladies and gentleman, it will slowly get back to overnite level by closing.
Already told, it wont go up and at best just flat. Considering gow bad is the overall matket and the 27m conversion in the market, GP is doing well so far. Hopefully can tahan the selling
Foreign selling of their share and cash out almost 1B this week and last week 550M,dark sight they will view soon.stay away from the stock especiall Jun and July.
When US market going thru devaluation process, it's common for foreigners to withdraw from current market to buy funds in oversea. Nothing to be surprised.
Nowadays, many people are using the Setel apps. Petronm also soon developing their rival apps for Setel. Gpacket please prove yourself in this quarter. haha
today 13.1mil shares transacted @rm0.675 , 12.05mil shares transacted @ rm0.68 .. who got so much money to buy? ... oso who got so many shares to sell?
KUALA LUMPUR (June 16): Set to offer a complete end-to-end solution to banks and financial institutions, Green Packet Bhd is buying Singapore-based e-KYC (Electronic Know Your Customer) specialist firm Xendity Pte Ltd for US$10 million.
With the acquisition, it will enable Green Packet to strengthen its digital identity verification services, a fast-growing sector as more organisations move towards their digital transformation. This, in line, will reinforce Green Packet's position as the preferred partner for digital financial solutions for various industries in Malaysia including telecommunications and banking.
"The acquisition of Xendity forms a key part of our go market strategy with a solid e-KYC solution," said its group managing director and chief executive officer Puan Chan Cheong in a statement.
"Although they (Xendity) are a new start-up company of about three years, their track record, experience, and capabilities as a main solution provider in the regulated e-KYC and ID management space should be applauded," Puan noted, adding that Xendity's solutions will add significant scale to Green Packet's digital financial offerings.
E-KYC specialises in technologies on document verification, facial recognition and biometrics and typically only requires users to do so from their smartphones or personal computers remotely.
Last month, Green Packet announced a tie-up with Tencent Cloud to leverage on the latter's facial recognition and machine learning capabilities to build a localised e-KYC solution.
Green Packet will be paying US$10 million for a 100% stake in Xendity, with a combination of cash and shares and with performance-based tranches. It will initially pay US$1.5 million cash plus issue of new shares worth US$4 million.
Then, over the next two years, Green Packet will pay up to US$4.5 million via new shares and these payments will be based on Xendity meeting stipulated key performance targets.
Since 2018, Xendity has participated in Bank Negara Malaysia's e-KYC Financial Technology Regulatory Sandbox by working with seven leading banks in Malaysia. Now, Xendity has become the e-KYC provider in Malaysia with the largest deployment of its solutions in the local financial institutions market, said Green Packet.
Apart from Malaysia, Xendity is also making inroads into Indonesia, said Green Packet.
Other than its digital banking dream by building an ecosystem under the Kiple brand, Green Packet has also recently ventured into the proptech space, with a licence plate recognition technology, in conjunction with the launch of its flagship KipleLive solution under We Are Ready campaign.
All are plans...plans remain plans until executed. All are looking forward the Q results for guidance. Until then, all are very suspicious and skeptical after got burnt at its peak when chase high
Speakup....may i know what is the reasonable price for the acquisition? Donu have a figure for reference? Or any recent similar acquisition in the industry for comparison?
Or u just plain object it and gate it for the sake of objecting?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jahals
2 posts
Posted by Jahals > 2020-06-15 12:36 | Report Abuse
Told you so, don’t chase confirm drop don’t wanna listen now cry no tears don’t touch do listen next time, hahahaha