Managepay announces associate's LEAP market plans

PETALING JAYA: Managepay Systems Bhd's associate company Trustgate Bhd, intends to apply for listing on the soon to be launched Leading Entrepreneur Accelerator Platform (Leap) Market of Bursa Securities.
The stock closed 1.5 sen or 5% lower to 26.5 sen with some 25.9 million shares changing hands in morning trade.
The Leap market to provide access to financing for small and medium enterprises from only high net worth and sophisticated investors.
M&A Securities Sdn Bhd has been appointed as the adviser for the proposed listing exercise.
Prime Minister Najib Abdul Razak is to launch the market in Invest Kuala Lumpur tomorrow.