Insas creates a listable financial technology outfit


A foreigner using Numonis terminal. Insas will increase its stake in Numoni from 21.26 to 26.56 through the sale of its 51 owned subsidiary J&C Pacific

DIVERSIFIED group Insas Bhd has taken a firm step to break out of its brick-and-mortar business to enter the financial technology (fintech) segment.

It is forming a fintech firm that could possibly see a listing in the next eight months. Fintech is a segment of applied technology to enhance financial systems that include payment, money transfers, loans and fundraising.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Insas Bhd , fintech , IPO , listing , sale , deal , technology

   

Next In Business News

Radium’s net profit up to RM4.8mil in 3Q
7-Eleven’s quarterly revenue climbs
SimeProp seeks quality assets for recurring income
Lower interest costs buoy TSH nine-month showing
Zetrix a profit driver for MyEG Services
NFO segment to sustain Sports Toto’s earnings
Thong Guan spreading its wings to Europe, America
Hap Seng bottom line in four-fold rise
Mixed views on PetChem on higher interest expense
No new impetus seen for JETP under Trump

Others Also Read