Thursday 25 Apr 2024
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KUALA LUMPUR (July 2): My E.G. Services Bhd (MyEG) will market CIMB Bank Philippines Inc's (CIMBPH) financial products on its associate I-Pay MYEG Philippines Inc's (IPMPI) digital services and platforms to eligible individuals in the Philippines soon.

In a filing with Bursa Malaysia today, MyEG said IPMPI has entered into a memorandum of agreement (MoA) with CIMBPH for the purpose.

The MoA will be effective for three years from the date CIMBPH commences its banking operations, which is expected to be in the near future.

"The MoA has no fixed value and is dependent on the customer take-up of CIMBPH's financial products through IPMPI's channels," said MyEG.

MyEG shares closed down 2.5 sen or 2.59% at 94 sen today, with 37.41 million shares done, bringing a market capitalisation of RM3.34 billion.

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