MyEG granted money lending licence

PETALING JAYA: MyEG Services Bhd has been granted a moneylender's licence by the Ministry of Urban Wellbeing, Housing and Local Government for a period of two years.

MyEG told Bursa Malaysia that its sub-subsidiary MyEG Credit Sdn Bhd had received the letter dated November 30 from the ministry on December 6 pursuant to the Moneylenders Act 1951.

The license is subject to renewal with the ministry. It will enable MyEG to carry out activities in relation to money lending service which complements its existing business activities.