Managepay Systems Berhad

Managepay Inks Smart Transport JV with Chinese Firm

Managepay Systems Bhd (KL:MPAY) said the company has teamed up with a Hong Kong-listed IT and smart infrastructure firm to introduce smart transportation and internet of things (IoT) systems in Malaysia.

The fintech and payment solution company said its wholly owned unit, ManagePay Services Sdn Bhd, signed a joint venture (JV) agreement with Shanghai Chinasoft Huateng Software System Ltd (ChinaSoft) on Wednesday during the state visit of Chinese President Xi Jinping to Malaysia.

The JV company, known as MPAY CSI Malaysia Sdn Bhd, will be deploying smart transportation technologies, including automatic fare collection systems for metro and bus services, along with IoT solutions built on the Harmony Open Source framework, said Managepay in a bourse filing on Friday.

Under the agreement, ManagePay Services will hold a 70% stake in the venture, while Chinasoft will hold the remaining 30%, with both firms appointing two directors each to the board.

“The collaboration aims to support Malaysia’s push towards digital transformation in public transportation and urban infrastructure by leveraging ChinaSoft’s proven capabilities in smart mobility solutions.

“Through this joint venture, the parties seek to enhance public transport convenience and efficiency, as well as accelerate the adoption of smart city innovations across urban centres,” said Managepay.

ChinaSoft has delivered integrated smart city and intelligent transport solutions across major cities in China, and collaborates with major tech firms, including Huawei, Microsoft, Amazon Web Services, and Tencent Cloud.

“Both ManagePay and ChinaSoft will also use this JV company as a strategic vehicle to participate in and bid for future tenders related to smart transportation and IoT development in Malaysia and the broader Asean region,” said Managepay.

Shares of Managepay closed up half a sen or 7.14% to 7.5 sen on Friday, valuing the company at RM77.41 million.

$MPAY / 0156 (MANAGEPAY SYSTEMS BERHAD)

Source from The Edge

PROVISION OF FINANCIAL ASSISTANCE

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISINGMANAGEPAY SYSTEMS BERHAD ("MPAY" OR THE "COMPANY")

PLACEMENT OF UP TO 98,176,400 NEW ORDINARY SHARES OF MPAY ("MPAY SHARES" OR "SHARES") REPRESENTING APPROXIMATELY 10% OF MPAY'S ISSUED SHARES ("PLACEMENT")

Additional Listing Announcement /Subdivision of Shares

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISINGMANAGEPAY SYSTEMS BERHAD ("MPAY" OR THE "COMPANY")

PLACEMENT OF UP TO 98,176,400 NEW ORDINARY SHARES OF MPAY ("MPAY SHARES" OR "SHARES") REPRESENTING APPROXIMATELY 10% OF MPAY'S ISSUED SHARES ("PLACEMENT")

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISINGMANAGEPAY SYSTEMS BERHAD ("MPAY" OR THE "COMPANY")

PLACEMENT OF UP TO 98,176,400 NEW ORDINARY SHARES OF MPAY ("MPAY SHARES" OR "SHARES") REPRESENTING APPROXIMATELY 10% OF MPAY'S ISSUED SHARES ("PLACEMENT")

KUALA LUMPUR: Managepay Systems Bhd's (MPay) wholly-owned subsidiary ManagePay Services Sdn Bhd (MPSB) has secured a five-year contract to develop and implement a mobility as a service super application (app) platform for Keretapi ”Tanah Melayu Bhd (KTMB).

© New Straits Times Press (M) Bhd

KUALA LUMPUR: ManagePay Systems Bhd's (MPay) wholly-owned subsidiary ManagePay Services Sdn Bhd has been contracted by Keretapi Tanah Malayu Bhd (KTMB) to develop and implement a mobility as a service super app platform for the rail operator.

OTHERSMANAGEPAY SYSTEMS BERHAD ("MPay" or "the Company")
- Letter of Acceptance of Proposal on Development and Implementation of a SuperApp for Keretapi Tanah Melayu Berhad (KTMB)

The Surge of Privatisation

Lately, there has been a resurgence of privatization proposals in the local stock market. Let's delve into three cases and explore the reasons behind this trend in the Malaysian stock market.

📌 $AIRPORT / 5014 (MALAYSIA AIRPORTS HOLDINGS BERHAD) has received a privatization proposal from a consortium led by major shareholder Khazanah Nasional. Despite the offer of RM11 per share, AIRPORT's stock price declined following the announcement due to prior significant gains and concerns about limited upside potential. Criticism towards consortium member GIP, a subsidiary of BlackRock, also raised doubts about the deal. With AIRPORT's stock price currently trading at RM10 and a potential upside of 10%, investors should weigh the risks before considering purchase. In the current bull market, diverse investment opportunities exist beyond those with only a 10% profit potential.

📌 Japanese NTT Data is acquiring $GHLSYS / 0021 (GHL SYSTEMS BERHAD), an electronic payment solutions provider, at RM1.08 per share. GHLSYS' stock price remains steady at RM1.06 to RM1.07 per share, indicating little fluctuation and suggesting the market has high confidence in the success of the privatization. GHLSYS, a promising company once backed by the private equity fund Creador. Once delists, only left $REVENUE / 0200 (REVENUE GROUP BERHAD) and $MPAY / 0156 (MANAGEPAY SYSTEMS BERHAD) remain as its peers in the stock market.

📌 Thai tycoon Tan Sri Surin intends to privatize $MPHBCAP / 5237 (MPHB CAPITAL BERHAD), offering RM1.70 per share to existing shareholders. Given the company's valuable land assets and a net asset value per share of RM2.40, a successful privatization could result in substantial profits for major shareholders.

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - SYED MOHD RAZALEIGH BIN SYED ABDUL RAHMAN

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - NOVA NEWLOOK SDN BHD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - SIGMAVIEW DIVERSIFIED SDN BHD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - HAZHAR BIN ISMAIL

OTHERSMANAGEPAY SYSTEMS BERHAD ("MPay" or "the Company")
- Acceptance of the Letter of Offer of the Asia Pacific Incentives from Mastercard Asia/Pacific Pte Ltd

Additional Listing Announcement /Subdivision of Shares

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - HAZHAR BIN ISMAIL

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - SYED MOHD RAZALEIGH BIN SYED ABDUL RAHMAN

Notice of Interest Sub. S-hldr (Section 137 of CA 2016) - SIGMAVIEW DIVERSIFIED SDN BHD

Additional Listing Announcement /Subdivision of Shares

OTHERSMANAGEPAY SYSTEMS BERHAD ("MPay" or "the Company")
- Settlement Agreement between ManagePay Resources Sdn. Bhd., Coral Power Sdn. Bhd., Jot Seng Keong and Minetech Resources Berhad

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISINGMANAGEPAY SYSTEMS BERHAD ("MPAY" OR THE "COMPANY")

PLACEMENT OF UP TO 98,176,400 NEW ORDINARY SHARES OF MPAY ("MPAY SHARES" OR "SHARES") REPRESENTING APPROXIMATELY 10% OF MPAY'S ISSUED SHARES ("PLACEMENT")

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISINGMANAGEPAY SYSTEMS BERHAD ("MPAY" OR THE "COMPANY")

PLACEMENT OF UP TO 98,176,400 NEW ORDINARY SHARES OF MPAY ("MPAY SHARES" OR "SHARES") REPRESENTING APPROXIMATELY 10% OF MPAY'S ISSUED SHARES ("PLACEMENT")

Consolidated results for the financial period ended 31/03/2024

PROVISION OF FINANCIAL ASSISTANCE

Changes in Director's Interest (Section 219 of CA 2016) - MR CHIN SHEA FONG

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATO' CHEW CHEE SENG

Changes in Director's Interest (Section 219 of CA 2016) - DATO' CHEW CHEE SENG

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings During Closed Period

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period