RCE Capital acquires payroll system provider

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KUALA LUMPUR (Oct 14): Consumer financing outfit RCE Capital Bhd has acquired a company involved in payroll collection system for RM20,000, a filing to Bursa Malaysia revealed today.

According to the filing, RCE had today signed a share sale and purchase agreement with vendors Faizal Hussein bin Abd Ghanito and John Lee Yeow Meng, to acquire 100% equity interest in Strategi Interaksi Sdn Bhd (SISB). SISB in turns, owns 100% of EXP Payment Sdn Bhd, which is principally involved in payroll collection system.

“The acquisition is not expected to have any material effect on the gearing, earnings per share and net assets per share of RCE, for the financial year ending March 31, 2015,” said RCE.

None of the directors and major shareholders of RCE and/or persons connected to them have any interest, whether direct or indirect, in the acquisition, it further added.

RCE closed unchanged at 31.5 sen today, with a market capitalisation of RM357 million.