KUALA LUMPUR: Digital payment solutions provider PUC Bhd has revised its proposed acquisition of Alevate Solutions Sdn Bhd for RM100 million, alongside the implementation of a share issuance scheme (SIS).
The acquisition will be finalised through the issuance of 800 million new shares in PUC at 12.5 sen per share.
PUC said the acquisition is expected to deliver a minimum audited net profit of RM12.5 million over a 24-month period from Jan 1, 2025 to Dec 31, 2026.
"This guarantee is expected to positively impact PUC by bolstering the group's financial performance and reinforcing its revenue base.
"The integration of Alevate Solution's business, which is complementary to PUC's existing digital marketing and consultancy services, allows PUC to leverage the combined expertise, expand its customer base, and collaborate on research and development efforts," it said.
PUC added that the integration of its expertise with Alevate Solutions is anticipated to deliver a comprehensive digital marketing strategy tailored to meet the demands of both underserved SMEs and well-established businesses.
"By tapping into this segment, PUC aims to diversify its customer base and strengthen its market position," it said.
PUC group managing director and chief executive officer Cheong Chia Chou said the acquisition marks progress in the company's strategy to enhance its digital marketing and business consultancy expertise.
"With the profit guarantee in place, we are confident that this acquisition will not only bolster our financial performance but also unlock new synergies that will enhance our service offerings and create long-term value for our stakeholders," he said.