<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 13): Point-of-sale systems provider Cuscapi Bhd, in which MyEG Services Bhd founder Wong Thean Soon has a shareholding of close to 31%, has sold off the entire 12.08 million shares it holds in MyEG for RM11.11 million cash.</p></div>

<div class=newsTextDataWrapInner><p>The disposal netted Cuscapi a gain of RM22,232, which will go towards its working capital, Cuscapi said in a bourse filing. Its original cost of investment in the stake was RM11.09 million.</p></div>

<div class=newsTextDataWrapInner><p>The stake was disposed of on July 27, Nov 28 and Dec 12.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The disposal serves as an opportunity for the company to realise some gains from the investment and to improve its cash flow,” Cuscapi added.</p></div>

<div class=newsTextDataWrapInner><p>Wong's stake in Cuscapi comprises a directly held 21.955%, and an indirect 8.811%. Wong is also MyEG’s largest shareholder with a 28.805% stake, followed by Retirement Fund Inc (KWAP) with a 7.331% stake.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Cuscapi settled half a sen or 2.94% higher at 17.5 sen on Wednesday, giving it a market capitalisation of RM160.76 million. MyEG shares closed unchanged at 81.5 sen, with a market value of RM6.12 billion.</p></div>


Point-of-sale systems provider Cuscapi Bhd, in which MyEG Services Bhd founder Wong Thean Soon has a shareholding of close to 31%, has sold off the entire 12.08 million shares it holds in MyEG for RM11.11 million cash.

Cuscapi sells 12.08 mil MyEG shares for RM11.11 mil cash

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