Revenue Group shares rise in active trading after assurance on operations amid boardroom tussle
12 Apr 2023, 07:04 pm
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KUALA LUMPUR (April 12): Revenue Group Bhd was the most actively traded stock on Bursa Malaysia on Wednesday (April 12), a day after the e-payment solutions provider reassured its stakeholders that its operations were unaffected by the boardroom tussle in the company.

The counter registered a trading volume of 152.59 million shares, compared with 60.95 million shares on Tuesday and its 200-day average of 10.29 million shares.

Revenue Group's share price rose to a three-week high of 35 sen in morning trading, before closing the day at 33 sen, for a gain of six sen or 22.22%.

At the closing price, the company's market capitalisation is RM159.12 million.

On Tuesday, the e-payment solutions provider said its operations were "unaffected by recent events and our clients can expect seamless and reliable payment processing services from us".

Its executive director Francis Leong Sen Wui said the company has a new board of directors with relevant experience and knowledge that could enhance its governance, leadership and overall management quality.

Meanwhile, Payments Network Malaysia Sdn Bhd (PayNet) said its collaboration with Revenue Group remained unchanged. "We have full confidence in (Revenue Group's) ability to provide reliable payment processing services to their clients,” it said.

Edited ByS Kanagaraju
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