PUC's share price up 2.86% on collaboration with Ali Health

PETALING JAYA: PUC Bhd’s share price rose 2.86% this morning after the group announced a collaboration with Ali Health Sdn Bhd to jointly promote blockchain technology to the healthcare sector.
At 11.01am, the stock was 2.86% or half sen higher at 18 sen, with a total of 4.23 million shares traded. The stock fell 5.41% or 1 sen to close at 17.5 sen yesterday with a total of 13.96 million shares traded.
Incorporated in 2014, Ali Health is in the technology services business for the healthcare industry. It is the developer and exclusive owner of the medical mobile application Doctor2U.
The two parties have signed a memorandum of understanding (MoU) to jointly carry out feasibility study to ascertain the feasibility and/or commercial viability of the project.
PUC said the MoU will provide an opportunity for both parties to establish a collaboration based on PUC’s expertise and readily available resources to provide blockchain technology and related solutions, and Ali Health’s Doctor2U platform.