PUC

[winston]

not vested

2Q Results

Revenue: -72% (RM 1.6m)
Loss: RM 1.2m
Net Asset 0.09

https://www.bursamalaysia.com/market_in ... id=3380605

https://disclosure.bursamalaysia.com/Fi ... TTACHMENTS

[winston]

PUC among most active stocks after Cocoaland co-founders emerge as substantial shareholders

By Choy Nyen Yiau

Lau acquired 232 million units of PUC’s shares via off-market transactions, representing 9.64% of the group’s share base.

On the same day, Liew acquired 241.55 million shares, equivalent to a 9.8% stake.

In addition, Lau increased his stake in PUC on Monday by acquiring another 10 million shares, bringing his total holdings in the integrated media services and payment solutions provider to 248 million shares, or 10.05%.

PUC reported a net profit of RM1 million in the fourth quarter ended Sept 30, 2023 (3QFY2023), compared to a net loss of RM9.66 million a year ago. This improvement was mainly due to the reversal of a provision for doubtful debts.

Quarterly revenue also jumped nearly tenfold to RM14.67 million from RM1.37 million in the same period.

Source: theedgemalaysia.com

https://theedgemalaysia.com/node/699302

[winston]

not vested

After failed digital bank licence bid, PUC refocuses on reviving online shopping business

By Liew Jia Teng

Refocus on the company’s online shopping site — Presto Mall (formerly known as 11Street).

Venture into the provision of loyalty e-commerce redemption solutions and be a loyalty points aggregator. This would help to attract “footfall” to Presto Mall, which is not doing too well.

Last November, when it was announced that PUC would team up with e-wallet operator TNG Digital Sdn Bhd to offer redemption services for the latter’s loyalty programme, GOrewards.

Besides TNG Digital, PUC is also collaborating with Grab, Boost, EZ-Link, Plus Miles, BonusLink, Shell and AmBank.

Meanwhile, the group is in discussions to rope in an insurance company, a stockbroker, an airline, an airport lounge operator, a resort operator and a few banks.

Genting Plantations Bhd is a substantial shareholder of PUC with a 6.59% stake, while Cheong has 6.41% equity interest.

Source: The Edge Malaysia

https://theedgemalaysia.com/node/703318