NEWS
Richwood Venture Berhad
and
Smartlink Asia Berhad
Signing MOA with (MPAY 0156) Managepay System Berhad
- Bursa Malaysia announcement.
MPay in partnership to launch prepaid MasterCard, e-wallet
Adam Aziz/theedgemarkets.com
KUALA LUMPUR (Aug 3): Managepay Systems Bhd (MPay) has entered into a partnership for the issuance of MPAY PanPay MasterCard Prepaid Card, MPAY Smartlink Wallet and MPAY Smartlink Online Wallet.
The partners are app creator Smartlink Asia Bhd, fintech outfit Richwood Ventures Bhd, direct selling outfit Panpay Holdings Sdn Bhd, and e-commerce outfit QMIS Richwood Blacktech Sdn Bhd (collectively referred to as Smartlink), MPay said in a filing today.
Under the agreement, Smartlink will promote the products, while MPay will provide expertise and interface to the system for management of the products.
“The parties shall endeavour to make MPAY Smartlink Online Wallet and MPAY Panpay (QMIS Richwood Blacktech) MasterCard Prepaid Card available to merchants’ outlets, as well as all MasterCard’s outlets throughout the world,” said MPay.
Shares of MPay traded unchanged at 24 sen today, valuing the group at RM201.93 million.
Edited by S Kanagaraju
Bursa Announcement details
Source : https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3182960#
OTHERS MANAGEPAY SYSTEMS BERHAD (“MPay” or “the Company”) – MPay Mastercard Co-Branding Prepaid Card and MPay Balance White Labelling e-Wallet Agreement
| MANAGEPAY SYSTEMS BERHAD |
Introduction
The Board of Directors (“Board”) of MPay wishes to announce that ManagePay Services Sdn. Bhd., a wholly-owned subsidiary of the Company (“MPSB”) had on 11 August 2021 entered into a MPay Mastercard Co-Branding and MPay Balance White Labelling Agreement (“Agreement”) with Smartlink Asia Berhad (“SAB”), Richwood Ventures Berhad (“RVB”), Panpay Holdings Sdn. Bhd. (“Panpay”) and QMIS Richwood Blacktech Sdn. Bhd. (“QRBSB”) (SAB, RVB, Panpay and QRBSB collectively referred to as “Smartlink”) wherein Smartlink is partnering with MPay for the issuance of MPAY PanPay (QMIS Richwood Blacktech) MasterCard Prepaid Card, MPAY Smartlink Walet and MPAY Smartlink Online Wallet all of which shall be powered by MPay for a period of five (5) years with automatic renewal of further period of five (5) years in accordance with the terms and conditions set out in the Agreement.
Information of the Parties
MPSB
MPSB is a Fintech company engaged in the business of development, provision and management of payment services, privilege and loyalty programmes, card issuing and acquiring business and its related payment technology, business know-how and security requirements thereto, and provision of logistics support.
SAB
SAB is a technology based company that engaged in the business of development and creation of apps, e-commerce platforms and technology solutions.
RVB
RVB is an investment holding company engaged in the technology industry including fintech, biotech, smart projects property development and education.
Panpay
Panpay is a direct selling marketing company duly licensed by the Ministry of Domestic Trade and Consumer with e-commence platform utilising the MPSB payment gateway.
QRBSB
QRBSB is an investment holding company engaged in e-commerce.
Salient Terms of the Agreement
(i) Smartlink shall collaborate with MPay and any Smartlink appointed partner, to promote MPAY Smartlink Walet, MPAY Smartlink Online Wallet and MPAY Panpay MasterCard Prepaid Card subject to the terms and conditions of this Agreement.
(ii) Smartlink shall promote MPAY Smartlink Walet, MPAY Smartlink Online Wallet and/or the MPAY Panpay MasterCard Prepaid Card to prospective users and/or Walletholders and Cardholders including but not limited to the setting up of promotional booths at strategic locations to be determined by the Parties to promote MPAY Smartlink Walet including MPAY Smartlink Online Wallet and/or the MPAY Panpay MasterCard Prepaid Card;
(iii) MPay shall provide expertise and interface to the system for management of the MPAY Panpay MasterCard Prepaid Card, MPAY Smartlink Online Wallet and MPAY Smartlink Walet including the provision of card inventory management, personalization, processor reconciliation, fraud control, billing and customer support on balance enquiry, lost and stolen MPAY Panpay MasterCard Prepaid Card;
(iv) The Parties shall endeavour to make MPAY Smartlink Online Wallet and MPAY Panpay (QMIS Richwood Blacktech) MasterCard Prepaid Card available to merchants’ outlets, as well as all MasterCard’s outlets throughout the world.
(v) The Parties shall agree the promotional materials including but not limited to printed materials directly related to MPAY Smartlink Walet, MPAY Smartlink Online Wallet and/or the MPAY Panpay MasterCard Prepaid Card shall be in the design and manner jointly approved by the Parties.
Financial Effects of the Agreement
The Agreement will not have any effect on the issued share capital and shareholdings of the substantial shareholders of the Company. The Agreement is not expected to have any material effect on the net assets, earnings and gearing of the Company and its subsidiaries (“the Group”) for the financial year ending 31 December 2021.
Directors’ and major shareholders’ interest
None of the Directors and/or major shareholders of MPay and/or persons connected with them have any interests, direct or indirect, in the Agreement.
Statement by Directors
Having considered all aspects of the Agreement, the Board of Directors of the Company is of the view that the Agreement is in the best interest of the Group.
Approvals required
The Agreement does not require approval of the shareholders of MPay and any relevant regulatory bodies.
Document available for inspection
The Agreement is available for inspection at the registered office of the Company at 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, 46200 Petaling Jaya, Selangor, Malaysia during ordinary business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.
This announcement is dated 13 August 2021.
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QMIS Financial Group
The Emergence of a Healthcare Conglomerate
Source : https://www.marketwatch.com/press-release/the-emergence-of-a-healthcare-conglomerate-2020-12-17
Dec 17, 2020 (Heraldkeepers) — Strategy Project Partnership, Transaction Advisory & Financial Solution in Healthcare Services
It is a great pleasure to announce that QMIS Securities Capital (M) Sdn Bhd (the “Company”, and together with its affiliated companies, the “QMIS”) has on 12 December 2020 entered into a collaboration partnership MOU with “H Healthcare Berhad (HHB)” Richwood Ventures Bhd (“Richwood”). And Chang Dynasty Sdn. Bhd. (“Chang Dynasty”) in relation to the initiation of development and support of 9 Medical Centre and 5 Super Specialist Hospital projects over South East Asia in 2 to 3 years.
Asian Healthcare – Poised for Growth
The total healthcare spending in Asia is estimated to exceed USD 4 trillion by 2024. A report by International Data Corporation shows that Asia Pacific’s healthcare information technology (IT) sector spending is forecast to increase from USD 12.2 billion in 2019 to USD 14.9 billion by 2022, at a compounded average growth rate of 7% led by software and IT services.
However, healthcare services face renewed pressure to improve the quality of care and operate more efficiently. This could force clinics and hospitals to focus more on capturing transactional cost synergies and achieving operational efficiencies, rather than on improving the strength of their networks. Increased spending in healthcare, driven by an ageing and growing population is expected to induce even higher valuations. This trend has prompted a surge in IPO’s and M & A. Healthcare services will therefore continue to be targeted for investment.
Strategic Alliances and Smart Partnership – High Expertise and Resources
The strategic alliance will support clinical teams in the group of H Healthcare Berhad (“HHB”) to facilitate virtual clinician-to-patient consultation, shared clinical decision making, and access to specialist resources through digital solution clinical platform. For example, the adoption of telehealth solutions was one of the key health-Tech trends of 2019 – 2020.
QMIS will act as a Financial Advisor and the conduit for other two strategic partners to work together towards the project. QMIS is also interested in modelling the premises provider(s) for clinical platform as an online platform that implements the sharing economy model, much like Uber and Airbnb as a way to offer cheaper alternative to the medical practitioners.
Chang Dynasty as a real estate development company shall provide the projects and shall continue sourcing for more hospitals and healthcare center suitable for the purpose hereto.
Richwood offers a boutique advisory service specializing on marketing strategies, promotion events to achieve wider audience for the projects.
QMIS will work closely with the parties in the months ahead to leverage operation synergies. Additionally, QMIS will look into investing in digital healthcare solution to enhance the patient experience, synonymous with its brand image.
About H Healthcare Berhad (“HHB”)
H Healthcare Berhad (“HHB”) is a holding company which committed to develop Medical Center, Hospitals & Health Education Institutes across South East Asia. As a multinational company headquartered in Malaysia has expanding its business operation to Singapore, Cambodia, Vietnam, China and Indonesia.
As well as working with the NHS and other global health organizations, H Healthcare Group works with strategic partners on medical tourism, health screening center and corporate health management program. It has a combined strength of networking of more than 60,000 sessional medical consultants in international.
H Healthcare Berhad vision is to become the largest and most trusted healthcare services provider network in ASEAN. H. Healthcare will continue to make healthcare services more convenient and affordable to patients by offering a full spectrum of integrated healthcare services from Ambulatory Care Centre to hospitals and a wide range of ancillary services across internal portfolio which comprises premium-brand healthcare assets, collectively representing a unique multi-market investment position in the healthcare sector.
Future Intrinsic Values
The signing of this MOU is important to QMIS in our efforts to expand and strengthen our company position in the financial industry. It is important in our effort to create and apply innovative financial and technological solutions. We feel much honored to have been given this opportunity to work together towards realizing and achieving our common goals.
The rapid pace of technological innovation has created a massive transformation in the financial services industry. Fast changing business landscape calls for new approaches to innovation and growth. The COVID-19 pandemic has highlighted that businesses needed to embrace flexibility with the acceleration of existing trends toward digitalization. We hope that this partnership will be mutually beneficial.
QMIS Management team is constantly seeking to create and apply innovative financial and technological advancement to any project that we undertake. The management team is also opting to improve existing operations and to position for expansions and new opportunities.
None of the Directors or substantial shareholders of the Company has any direct or indirect interest in the project, other than through their shareholding interests in the Company.
This announcement is dated December 17th, 2020.
Provision of Strategy Consulting,
Transaction Advisory & Financial Planning Services
Dec 04, 2020 (Heraldkeepers) — Kuala Lumpur / 4 December 2020 / The Board of Directors of QMIS Securities Capital (M) Sdn. Bhd. (“QSC”) is pleased to announce that QSC, a wholly-owned by Dr. Chin’s Malaysia incorporated company has on 2nd December 2020, accepted the letter of award from Chang Dynasty Sdn. Bhd. to provide Strategy Consulting, Transaction Advisory & Financial Planning Services for 16 real estate development projects (3 in progress & 13 up-coming) (“the Project”).
The sum of gross development value of the Project is RM5.1 billion (USD1.25 billion).
The Project is targeted to be completed by December 2022-2024 with a construction period of 12 – 24 months from the date of site possession.
The Project is expected to contribute positively to the QSC’s earnings for the financial year ending 31 December 2021 to 2024.
The proposed scope of work in working with Chang Dynasty to drive its expansion plan:-
- Business planning – Diagnostics and business direction
- Develop business value creation strategy(ies)
- Market feasibility study
- Financial Modeling & valuation
- Corporate advisory work – internal preparation for listing
- Fund raising, exits & business matching
Chang Dynasty Sdn Bhd was established in 2018 as a housing developer that focuses on residential, recreation resorts and hospital building projects in Malaysia. With a head office in Kajang, Chang Dynasty, the company provides affordable housing market through its unique proposition, which create a family style environment, alongside technology support which aims to improves quality of life for residents and fosters communities by providing superior infrastructure, urban planning, sustainability and technological solutions, all supported by its App. Available to all residents, the App allows those who live within its communities to manage the smart solutions available in their area.
It has completed 7 residential projects and currently runs 3 residential projects across Selangor. The total gross development value (GDV) of the completed projects worth around MYR136 million (USD33 million).
None of the directors or major shareholders of QFL or persons connected with them has any direct or indirect interest in the Project.
QMIS Securities Capital (M) Sdn. Bhd.
55-6, The Boulevard Office,
Lingkaran Syed Putra, Mid Valley City,
59200 Kuala Lumpur, Malaysia
Phone: (+603) 2282 2066, (+603) 2282 6066
Web: www.qmis.com.my