PETALING JAYA: Revenue Group Bhd has proposed to purchase the remaining 49% equity interest in Revenue Secure Sdn Bhd for RM31.85mil.

       In a filing with Bursa Malaysia, Revenue said its wholly-owned subsidiary, Revenue Harvest Sdn Bhd, had entered into a conditional share sale agreement with Ho Ee Lock and Chang Chew Soo for the proposed acquisition.

       The cashless payment solutions provider said the purchase consideration would be satisfied by the issuance of 21.09 million new ordinary shares in Revenue at an issue price of RM1.51 each.