29th Dec 2015 08:23
LONDON (Alliance News) - Resource Holding Management Ltd on Tuesday said a subsidiary of PUCF Founder Bhd, in which it owns a stake, has struck a deal with Chinese online financial services company Lakala Payment Co Ltd.
Resource Holding's RedHot Media International Ltd subsidiary owns a 42% stake in PUCF Founder.
Under the agreement, PUCF Founder's EPP Solution Sdn Bhd subisidary has been appointed as the sole authorised agent in Malaysia for Lakala to set up a cross-border payments platform.
No financial details on the agreement were disclosed.
Resource Holding shares are currently suspended from trading.
By Sam Unsted; [email protected]; @SamUAtAlliance
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