KUALA LUMPUR (July 3): TFP Solutions Bhd’s (KL:TFP) unit, Softfac Technology Sdn Bhd, has been appointed the exclusive ticketing system provider for concert organiser Pluotos Entertainment.

In a filing with Bursa Malaysia, TFP said the ticketing services and strategic collaboration agreement with Pluotos marks its expansion into digital ticketing and event technology and provides a recurring revenue stream from Pluotos’ concerts and events. It also opens opportunities to jointly develop a ticketing platform and customer database in the future.

Under the agreement, which runs for one year with automatic renewals, Softfac will handle ticketing operations including cloud systems, seating plans, payments and entry scanning. Pluotos will manage promotions and obtain necessary approvals such as PUSPAL, local council and police permits.

TFP said the deal carries no significant risks beyond normal operations and is not expected to affect its 2026 earnings or net assets, but is likely to contribute to long-term growth.

TFP’s shares were down 7.14% to 6.5 sen at noon break on Friday, valuing the company at RM54.81 million. Over the last year, the stock is up by more than 130%.