https://www.thesundaily.my/business/axiata-digital-sells-portfolio-to-singaporean-fund-for-us-140m-FM835043

11street sold to Singaporean fund, Pegasus 7

cytew, any idea who has been subscribing to the pp until now?

More photos of the red payment terminal.
https://www.piston.my/2018/12/03/tech-petron-malaysia-wechat-pay-bringing-convenient-payment-to-the-masses/

Please do share if you have encounter them at other places

cytew, can advice on the "Proceeds from disposals of investment in financial assets" of RM 40.586 million ?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6082025

Page 6 of the report

What does it mean "investment in financial assets" ?

Veron, you are right, there are also credit card with paywave feature that we find very convenient. Unless WeChat Pay offers promotion like cash back, there are unlikely mass adoption of the service.

The current e-wallet that is widely used in Malaysia is no doubt Boost as it offers cash back for almost every transaction we make.

Recall back in 23 November 2018, Revenue Monster (RMSB) and Founder Pay (FPSB), entered into agreement for leasing of payment terminals. Notable points include:

1. RMSB shall place a minimum order of 2,000 units of the Products within five
(5) months from the date of the Product Lease Agreement

2. RMSB agrees to pay to FPSB a monthly rental rate based on the monthly Net
Merchant Discount Rate (MDR) Revenue (as defined in the Product Lease
Agreement) processed through each of the Products, or a minimum rent for
each of the Products, whichever is higher.


Based on the above, we infer that the 2,000 units of payment terminal are being deployed majority in Petron, Starbucks, and KK Supermart.

Revenue Monster charges 1 to 1.3% MDR for WeChat Pay
https://revenuemonster.my/wechatpay


For example, a RM 50 payment made via WeChat Pay, RMSB charges a fee of RM 0.50 (based on estimation of 1% MDR)

Good Saturday morning to everyone!

Here today to share about the progress on the partnership with Revenue Monster on the leasing of payment terminals for WeChat Pay.

The locations that I have personally experienced with WeChat Pay:

1. Petron
2. Starbucks

There are close to 200 Petron stations with WeChat Pay enabled.

https://www.petron.com.my/web/Media/uploads/Press_Release_-_WeChat_Pay_and_Petron_Official_Collaboration_Launch_(FINAL_).pdf

For Starbucks, there are over 300 stores in Malaysia.

https://en.prnasia.com/releases/apac/wechat-pay-my-is-available-at-starbucks-with-exclusive-offers-229095.shtml

The payment terminals that are being used is the red one seen here:

https://www.digitalnewsasia.com/business/puc-unveils-presto-wallet-malaysia

And the other locations mentioned on Revenue Monster website:

1. tealive
2. llaollao
3. Gindaco
4. KK convenience store

Besides the locations above, the red payment terminal is also used for accepting Boost transactions in:

1. PappaRich


For comparison, there are also other payment terminal used for accepting Boost, like the one used in 99 Speedmart. This payment terminal in orange is by Sunmi.

https://www.aliexpress.com/item/Sunmi-V1S-Android-Data-Collector-Handheld-Wireless-Bluetooth-Printer-POS-terminal-PDA-QR-Barcode-Reader-with/32840161371.html

thanks for highlighting, proceeds from conversion of La and WB for the period 1-Jan-2019 to 31-Mac-2019 is RM 12.2 million

cytew, thanks for pointing out the cash payment for 33% acquisition for PW.

For ease of reference, cash payment due now, RM 13.4 million + RM 9 million = RM 22.4 million

Cash payment due in 2020, RM 18.5 million + RM 34.9 million = RM 53.4 million

Cash payment due in 2021, RM 39.4 million



Can advise on the calculation for conversion of La and WB?

For now, RM 9 million cash required to complete acquisition of PW.

Remaining RM 34.9 million cash payable in 2020, and RM 39.4 million cash payable in 2021 as per Tranche settlements listed in above comments.

Good morning ladies and gentlemen.

Does the conversion of ICULS and warrants generates proceeds to the company?

If so, a run through of the announcements by the company from period of 1-Jan-2019 to 31-Mac-2019, there would be roughly RM 23 million proceeds from the conversion.

The proposed acquisition of PW, there are settlement in cash and shares of PUC to the sellers (CCC, SGSB, BW) in 3 tranches.

Tranche 1: Upon completion of the acquisition, estimated to be in 2Q2019, RM 9 million to be paid to SGSB

Tranche 2: Upon release of FY2019 financial result of PW, and meeting profit guarantee of RM 25 million, RM 34.9 million to be paid to CCC (most probably in first half 2020)

Tranche 3: Upon release of FY2020 financial result of PW, and meeting profit guarantee of RM 28 million, RM 39.4 million to be paid to CCC (most probably in first half 2021)

Please correct me if I'm wrong.

The above information is not a recommendation for buy or sell.