KUALA LUMPUR (Jan 10): ManagePay Systems Bhd’s share price jumped by as much as 11.53% in early morning trade on Tuesday (Jan 10), after the group announced its plan to cooperate with Eddid Financial Holdings Ltd on a securities trading mobile application in Malaysia.

At 9.01am, its share price had risen to an eight-month high of 14.5 sen. At the time of writing, its trading volume stood at 5.8 million shares.

On Monday, it was announced that ManagePay plans to cooperate through a memorandum of understanding (MOU) with Eddid Financial to launch and market the Hong Kong-based firm’s internet-based securities trading mobile application in Malaysia.

Both parties will proceed with further negotiations to enter into a formal and binding agreement in respect of the possible collaboration within 360 days from the date of the MOU.

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