The company went through a share consolidation not too long ago. In the process the books have been cleaned up substantially. Where are they headed now? Number of shares now stands at 1.25bn giving it a market cap of just RM225m.
Interestingly they have also submitted for one of the Digital Banking license. The red-hot interest in the digital banking space is understandable, considering that this could be the only type of banking license that will be issued by the country’s central bank, at least for now, more than 20 years post-Asian Financial Crisis when banks with smaller capitals were required to consolidate.
Kuala Lumpur, 27 Julai 2021: Pada 1 Julai 2021, PUC mengumumkan permohonan lesen perbankan digital daripada Bank Negara Malaysia (BNM) bersama rakan strategiknya. PUC memimpin konsortium ini yang juga terdiri daripada Kerajaan Sabah, Kerajaan Pahang dan sebuah konglomerat.