MPay’s associate firm seeks listing on LEAP Market

Trustgate Bhd, an associate company of ManagePay Systems Bhd (MPay), plans to apply for listing on the Leading Entrepreneur Accelerator Platform (LEAP) Market of Bursa Malaysia Securities Bhd.

The company in a statement to Bursa Malaysia said M&A Securities Sdn Bhd has been appointed as the advisor of Trustgate for the proposed listing exercise.

MPay is a provider of end-to-end electronic payment (e-payment) solutions for banks and financial institutions, merchants and card issuers. The company, which is listed on the ACE Market of Bursa Malaysia, operates in Malaysia.

The company’s market capitalisation was RM198.3 million as of yesterday.

Trustgate’s functions include establishing a secure encrypted connection between a client and a server; typically a web server and a browser. — TMR