BUSINESS

Minetech to transform Techmile into full stack fintech solutions provider

02/03/2021 02:52 AM

KUALA LUMPUR, March 1  -- Quarry operator and construction firm Minetech Resources Bhd seeks to transform its wholly-owned subsidiary Techmile Resources Sdn Bhd (TRSB) into a full stack financial technology (fintech) solutions provider.

In a filing with Bursa Malaysia today, the group said TRSB will be acquiring 300,000 ordinary shares in electronic payment system operator Uniqa (M) Sdn Bhd, representing 60 per cent of its entire issued and paid-up share capital.

"The strategic partnership allows TRSB to leverage Uniqa's extensive network and extend its reach into the fintech industry in a shorter development time,” said Minetech Resources.

Through a Memorandum of Understanding signed today, both parties are targeting that the sale of shares agreement would be completed soon.

TRSB is principally engaged in the design, development and sale of technology and innovative products, while Uniqa is in the business of information technology, software and application development, as well as e-commerce.

Uniqa’s system is currently being used by two local banks in Malaysia, focusing mainly on cross-border remittance payments, which will create additional opportunities for TRSB to expand its services and launch supplementary fintech-related products.

The company has established partnerships with several local and overseas banks particularly in Indonesia, China, and the Philippines, as well as in other Asian countries.

It is currently seeking new ventures in the Middle East and Europe.

-- BERNAMA


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2025 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy