Malaysia's Ekuinas buys mobile payments firm, school chain
Ekuinas, the Malaysian government-backed private equity investor, has acquired two companies - mobile payment platform Tranglo and private school chain Tenby Educare - for a total MYR124 million($33.8 million).
Ekuinas paid MYR54 million for 60% stake in Tranglo and MYR70 million for 70% stake in Tenby, according to a statement. Tranglo provides a platform through which mobile companies can facilitate secure...
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