Managepay Systems to target SME market for new e-money cards business

"We have been given a year to build towards this new business. Our deadline is next February, which can be extended but we don't want to do that, " its managing director and chief executive officer Chew Chee Seng told reporters at its extraordinary general meeting on a proposed private placement exercise to raise RM40.41mil. 

The issued and paid up share capital of Managepay stood at RM40.27mil consisting of 402,718,580 shares.