Press Releases


PUC AND SMUZCITY ROLL OUT JDX PRESTO CONCEPT STORE ON 12.12

12 December 2019

  • JDX Presto Concept Store, the largest cashless concept store in ASEAN, celebrates its official grand opening at Quill City Mall KL today, signifying joint effort of PUC and Smuzcity to creating a cashless retail scene in Malaysia
  • Every transaction at JDX Presto Concept Store is cashless and seamless
  • AI- and RFID-powered JDX Presto Unmanned Fridges are available in store

OMNICHANNEL BUSINESS REMAINS AS PUC’S KEY REVENUE AND PROFIT CONTRIBUTOR, eCOMMERCE AND FINTECH BUSINESSES EXPECTED TO CONTRIBUTE MORE IN THE NEAR FUTURE

22 November 2019

  • Revenue and profit after tax improved by 12.1% and 43.1% respectively from the previous corresponding period, mainly due to the better-performed OmniChannel business segment
  • Higher profit after tax is also contributed by the write-back of impairment losses on trade receivables and the net positive share of results from associated companies
  • With the positive outlook of the digital economy in Malaysia, PUC is confident that Presto will become an important asset of the Group and uplift the Group’s future performance 

PUC AND NETX TO EMPOWER PRESTO MICRO-FINANCING FACILITY

13 November 2019

  • NetX Holdings Berhad’s wholly-owned subsidiary, NetX Digital Limited (“NetX Digital”) intends to invest a revolving amount of up to RM50 million in PUC’s micro-financing credit facility offered in the Presto App, in the form of PrestoPay Credits
  • NetX Digital will be appointed as a PrestoPay Credits reseller

PUC MARKETS FINANCING FACILITY, BEGINS WITH CIVIL SERVANTS

23 October 2019

  • Quick and hassle-free digital financing applications from RM3,000 up to RM150,000 for civil servants
  • A reward of additional 3% of the approved financing in the form of PrestoPay Credits from now until 21 January 2020
  • Monthly repayment through Salary Deduction Scheme


PUC INKS A PARTNERSHIP TO EXPAND ITS DOMESTIC O2O STRATEGY USING JDX AND PRESTO TECHNOLOGIES TOGETHER WITH SMUZCITY

19 September 2019

  • PUC Ventures and Smuzcity agree to set up an official ‘Jingdong Unmanned Technology’ enabled store in Kuala Lumpur for the Jingdong Unmanned Supermarket Project, marks the first unmanned supermarket in the country
  • The store will display and sell products from China and ASEAN via the O2O model

OMNICHANNEL SEGMENT BOOSTED PUC BERHAD’S Q2 2019 REVENUE AND PROFIT, STREAMLINED BUSINESSES REITERATE THE GROUP’S DIGITAL VENTURES VISION

28 August 2019

  • Revenue increased by 7.2% year-on-year in the quarter under review (“Q2FY2019”) mainly attributed to the improved performance of OmniChannel segment
  • The recovery of impairment losses on trade receivables resulted a 65.0% improvement in profit after tax in the first half of 2019 (“1HFY2019”) compared with the previous corresponding period, despite of a lower revenue posted in the same corresponding period 
  • The Group will continue to enrich digital contents of Presto with focus in the near term to roll out more credit and payment features providing users wider exposure in the ecosystem

SAVE BIG ON YOUR NEXT HOLIDAY WITH PRESTO SUPER APP

8 August 2019

  • Presto users can make wide range of bookings from Agoda through Presto App by September
  • To make good deals even sweeter, travellers can enjoy added savings through cashback option on Agoda 
  • No limit to cashback amount


PUC STRENGTHENS FINTECH AND eCOMMERCE BUSINESSES WITH STRATEGIC PARTNERSHIPS, MOVES CLOSER TO BECOMING A LEADING DIGITAL SERVICES PROVIDER IN MALAYSIA

27 June 2019

  • PUC will continue to build its fintech business segment with micro-financing a key growth initiative for 2019
  • Integration and rebranding of 11street Malaysia to PrestoMall strengthened Presto’s online market presence
  • PUC’s shareholders approved all resolutions presented at the Group’s 21st Annual General Meeting

11STREET MALAYSIA REBRANDS TO PRESTOMALL, LINKING eCOMMERCE EXPERIENCE WITH OTHER EXCITING DIGITAL SERVICES

18 June 2019

  • 11street is now known as PrestoMall
  • PrestoMall forms the eCommerce component of the Presto ecosystem, a Malaysian home-growndigital services Super App
  • Presto partners with key leaders of the digital services chain to establish a holistic digital ecosystemthat will empower consumers to have easier, happier and richer lives

PRESTOPAY CELEBRATES UPCOMING RAYA FESTIVE SEASON WITH ITS FIRST TRULY CASHLESS RAYA BAZAAR AT QUILL CITY MALL KL

16 May 2019

  • PrestoPay is rolling out its first Cashless Raya Bazaar at Quill City Mall KL from the 16th to 18th May 2019, with irresistible deals up to 70% discount from more than 30 merchants with over 200 Stock Keeping Units (SKU) for sale
  • The three-day bazaar event is expected to gain an estimated of RM1 million in targeted sales and anticipates a total footfall of 10,000 customers at Quill City Mall KL
  • Nine (9) top spending PrestoPay users will win mystery prizes throughout the bazaar period

PUC BERHAD’S Q4 2018 FINANCIAL RESULTS SHOW CONTINUING GROWTH THROUGH STRATEGIC ACQUISITIONS, STRONGER CORE BUSINESSES

28 February 2019

  • PUC Berhad (“PUC”) continues to record growth, posting revenue of RM52.5 million in FY2018, a 21.9% improvement from the previous financial year
  • Continued growth from Advertising and Media (A&M), Technology, and Digital Imaging businesses are among the areas of the Group with key M&A activity underscoring the Group’s strategy towards becoming a significant digital platform in Malaysia
  • The Group expects to see continuing growth towards a satisfactory FY2019 through contributions from its OmniChannel, FinTech, eCommerce businesses

PUC BERHAD PLANS TO ACQUIRE REMAINING PICTUREWORKS STAKE

31 December 2018

  • PUC proposes acquisition of the remaining up to 12,336,288 Ordinary Shares of Pictureworks representing the balance up to 67% equity interest for a total purchase consideration of up to RM167.5 million
  • PUC’s first acquisition of Pictureworks is expected to exceed the 2018 guaranteed profit of RM14.8 million
  • The proposed acquisition will unlock the future prospects and potential of the Group’s business expansion into eCommerce, FinTech and OmniChannel


PUC PIONEERS O2O TRANSACTION WITH REVENUE FOR A UNIFIED CASHLESS EXPERIENCE 

5 December 2018 

  • PUC Berhad (“PUC”) partners with REVENUE Group Berhad (“REVENUE”) to launch the first QR based Online to Offline (“O2O”) transaction convenience in Malaysia facilitating eVouchers and eDeals redemption under REVENUE’s unified digital payment terminals
  • PUC also taps into REVENUE’s existing network of electronic data capture (“EDC”) terminals nationwide for local merchants to accept Presto Wallet as a payment option instantly 

PUC BERHAD RECORDED DOUBLE DIGIT YEAR-ON-YEAR REVENUE GROWTH; THE GROUP STRIVES TO ACHIEVE GREATER MILESTONES IN NEAR TERM 

29 November 2018 

  • PUC Berhad posted a 23.6% increase in revenue, with RM40.2 million for 9MFY2018 from RM32.5 million in 9MFY2017, mainly driven by the Advertising & Media segment as well as contribution yielded from the Technology segment
  • The Group’s Profit After Tax (“PAT”) marked RM3.9 million or PAT margin of 9.6% in 9MFY18, an increase of more than 5 folds from RM0.7 million in 9MFY17, mainly due to net positive contribution from associated companies and gain on disposal of media assets from the Advertising & Media segment
  • Revenue earned in the current quarter Q3FY2018 was lower at RM8.1 million from RM13.8 million in Q3FY2017. Nevertheless, PAT marked an increase from the preceding quarter on the same reasons as the nine-month comparison 

PICTUREWORKS PARTNERS CHINA’S SMART GUIDE TO BRING IMPACT ON LOCAL AND INTERNATIONAL TOURISM 

7 November 2018 

  • Pictureworks join hands with Smart Guide – the largest smart tourism information system provider in China with an established clientele of more than 180 tourist attractions, to promote PictureAirTM solutions to a potential exposure of 200 million visitors annually by 2019
  • Coupled with existing US-patented TouchClear technology, Pictureworks plans to integrate its Facial Recognition technology into PictureAirTM solution to offer visitors a seamless experience in picture retrieval and easy purchase of photo products or personalized merchandise via WeChat Pay and Alipay in China
  • Under the conditional partnership, Pictureworks will be the sole and exclusive distributor of Smart Guide’s revolutionary smart tourism guide system – “TOME” in Malaysia.  TOME is an integrated tourism information support vehicle, with which visitors will benefit from features covering story-telling, route planning, emergency help request and more  

PUC BERHAD UNVEILS PRESTO WALLET IN MALAYSIA; A STEP CLOSER TO BECOME A LEADING DIGITAL LIFESTYLE SERVICES PROVIDER 

24 September 2018

  • The mobile payment function, Presto Wallet, is one of the first in allowing Malaysians to perform prepaid mobile reloads, bill payments, sending and receiving money
  • Revenue Monster Sdn Bhd is appointed as Presto’s official third-party merchant acquirer to expedite Presto’s market adoption through its existing merchant base
  • Presto Wallet will be integrated onto 11street to reach out to a large base of 11street’s existing merchants and customers, enabling online purchases to be transacted using mobile wallet


PUC BERHAD RECORDS PROFIT INCREASE IN FIRST HALF 2018 FUELED BY CONTRIBUTIONS ARISING FROM STRATEGIC BUSINESS COLLABORATIONS

30 August 2018

  • PUC Berhad posted a 71% increase in revenue, with RM32.1 million earned in 1HFY2018 compared to RM18.8 million in 1HFY2017, contributed by Advertising and Media segment as well as contribution yielded from the partnership with Shenzhen Institute of Advanced Technology with the commercialisation of some facial recognition technologies
  • Accordingly, with the maiden profit contribution from PUC’s associated company, Pictureworks Holdings Sdn Bhd, Profit After Tax for 1HFY2018 increased by 391.4% to reach RM2.7 million
  • Revenue earned in the current quarter 2QFY2018 was 62.4% higher from RM10.1 million in 2QFY2017 to RM16.5 million. Profit After Tax also marked a year-on-year improvement of 451.5% to RM2.3 million


PUC BERHAD JOINS HANDS WITH REVENUE MONSTER TO FACILITATE WECHAT PAY TRANSACTIONS IN MALAYSIA 

24 August 2018

  • PUC’s subsidiary, FPSB will be leasing mobile payment terminals to RMSB as part of the partnership agreement to support its merchant acquiring business in order to facilitate WeChat Pay transactions in Malaysia
  • The partnership will unlock future business opportunities allowing PUC and RMSB to accept other eWallets and to offer more products and services to Malaysian businesses


PUC STRENGTHENS PARTNERSHIP WITH AXIATA DIGITAL IN DIGITAL ADVERTISING AND DIGITAL FINANCIAL SERVICES 

19 July 2018

  • Subsidiaries of PUC and Axiata Digital to collaborate on payments through Presto and Boost e-wallets and advertising through RedHot Media and ada (analytics, data, advertising)


PUC ENVISIONS TO BE A LEADING PLAYER IN THE DIGITAL SPACE WITH THE PRESTO APP, ITS HOMEGROWN LIFESTYLE DIGITAL PLATFORM 

27 June 2018

  • PUC Berhad (“PUC” or the “Group”) (formerly known as PUC Founder (MSC) Berhad) receives shareholders’ approval for all listed Resolutions in the Group’s 20th Annual General Meeting
  • The new Presto App will be a digital platform to enhance users’ lifestyle. PUC remains committed and aims to become a leading player in the digital space with strategic partnerships and measurable analytics from eCommerce to influencer marketing and affiliate selling, and ultimately a digital platform with social marketing, electronic wallet and other digital services


PUC BERHAD AHEAD OF THE GAME WITH APAC VENTURE PARTNERSHIP TO EXPAND PRESTO’S MARKET REACH VIA WECHAT OFFICIAL ACCOUNTS 

6 June 2018

  • PUC and APAC Venture Sdn Bhd today signed a MoU to collaborate and work together by creating the synergies between two existing platforms, namely the WeChat Official Account (a mobile commerce marketing platform that enables businesses to market their business and interact with WeChat users) by APAC and Presto App by PUC
  • Pursuant to the MoU, both parties shall work together to promote each party’s products and services to the respective clientele


PUC BERHAD RECORDS 80.9% REVENUE INCREASE IN Q1, FUELED BY NEW MEDIA PROJECTS 

24 May 2018

  • PUC Berhad posted an 80.9% increase in revenue, with RM15.6 million earned in Q1FY18 compared to RM8.6 million in Q1FY17, and RM10.5 million earned in Q4FY17 (48% increase)
  • The increase in revenue is due to the contribution from the advertising and media segment
  • The Group achieved 114.1% gross profit from RM2.8 million in Q1FY17 to RM6.0 million in Q


PUC MAKES GIANT STRIDES WITH ACQUISITION OF PICTUREWORKS HOLDINGS, ONE STEP AHEAD IN TECHNOLOGY DIVERSIFICATION 

26 April 2018

  • PUC receives shareholders’ approval to diversify its business into the imagery capture sector, adding to the Group’s revenue streams
  • PUC’s diversification is a result of the acquisition of 33% equity interest (total purchase consideration of RM52.80 million) in Pictureworks Holdings Sdn. Bhd., which via its subsidiaries, involved in imagery capture and distribution platforms for theme parks, leisure and entertainment attractions in the Asia Pacific

PUC TAKES QUANTUM LEAP IN COLLABORATING WITH SHENZHEN INSTITUTES OF ADVANCED TECHNOLOGY TO INTRODUCE PRESTO INTELLIGENCE TECHNOLOGY LABORATORY 

23 April 2018

  • PUC Berhad’s (“PUC”) subsidiary PUC (Malaysia) Sdn Bhd (“PUC Malaysia”) is partnering with ShenZhen Institutes of Advanced Technology (“SIAT”) of the Chinese Academy of Sciences (“CAS”) to set up the Presto Intelligence Technology Laboratory
  • The partnership will leverage on both parties’ expertise and develop several new cutting-edge technological capabilities including Electronic Know Your Customer (“E-KYC”), facial recognition platforms, outdoor media demographics analyser, and photo editing tools


PUC BERHAD SIGNS MEMORANDUM OF UNDERSTANDING WITH ALI HEALTH SDN BHD TO PROMOTE BLOCKCHAIN SOLUTIONS IN THE HEALTHCARE INDUSTRY 

28 March 2018

  • PUC and Ali Health today signed a MoU to collaborate and work together in promoting Blockchain technology and other related solutions to the healthcare industry
  • Ali Health developed and owns all rights, title and interest in and to the medical mobile application, Doctor2U
  • Pursuant to the MoU, both parties shall work together to promote Blockchain solutions using PUC’s technological expertise and through Ali Health’s immense network within the healthcare industry

PUC BERHAD’S REDHOT MEDIA ENTERS PARTNERSHIP WITH CARI INTERNET TO ROLL-OUT CROSS-MARKETING INITIATIVES 

12 March 2018

  • PUC Berhad’s (“PUC”) subsidiary, RedHot Media Sdn Bhd (“RHM”) and CARI Internet Sdn Bhd’s (“CARI”) one-year agreement will see the rollout of several cross-marketing initiatives
  • CARI will leverage on RHM’s network reach and strength with RHM serving more than 20 clients in electrical appliances, education, property, technology, financial, telecommunication industries while CARI has 1 million registered users with 34 million page views per month

PICTUREWORKS ENTERS EXCLUSIVE PARTNERSHIP WITH SHIMAO GROUP FOR CHINA’S FIRST HELLO KITTY INDOOR THEME PARK IN DOWNTOWN SHANGHAI 

7 March 2018

  • Pictureworks (Shanghai) Limited, a subsidiary of Pictureworks Holdings Sdn Bhd (“Pictureworks”), formalises a 3-year exclusive partnership covering imaging services and customised photo merchandise with Shimao Group (Shimao) for China’s first “Hello Kitty Shanghai Times” indoor theme park, which is targeted to soft-open in September 2018


PUC BERHAD ANNOUNCES Q4 2017 FINANCIAL RESULTS RECORDS SOLID REVENUE GROWTH  

28 February 2018

  • PUC Berhad (“PUC”) continues to record solid revenue growth, posting a revenue of RM43 million, up from RM25.8 million the previous year, resulting from contributions from Advertising & Media (A&M), Renewable Energy (RE) and Technology segments
  • Improvements in Group’s EBITDA, total equity and gross profit, were also recorded

PICTUREWORKS ENTERS EXCLUSIVE 4-YEAR PARTNERSHIP WITH HONG KONG’S OCEAN PARK CORPORATION 

9 February 2018

  • Pictureworks (Hong Kong) Limited, a wholly owned subsidiary of Pictureworks Holdings Sdn Bhd (“Pictureworks”), enters a 4-year partnership with Ocean Park Corporation (“Ocean Park”), an award-winning theme park in Hong Kong with a focus on education, conservation and entertainment, providing the Park with its end-to-end photo imaging systems
  • Ocean Park will be Pictureworks’ first partner to enjoy its proprietary Facial Recognition technology

PUC ACQUIRES PICTUREWORKS TO ENHANCE GLOBAL DIGITAL FOOTPRINT 

27 December 2017

  • New business to contribute 25% or more to the bottom line of PUC Group

PUC STRIVES TO GROW TECHNOLOGY BUSINESS 

21 December 2017

  • PUC receives shareholders’ and holders’ of three (3)-year, 4%, Irredeemable Convertible Unsecured Loan Stocks in the company (“ICULS Holders”) approval to vary utilisation of part of the proceeds raised

PUC LAUNCHES PRESTO THE REVOLUTIONARY HOME-GROWN SOCIAL MARKETING AND EWALLET PLATFORM 

13 December 2017

  • PUC launches Presto, Malaysia’s revolutionary home-grown Social Marketing and eWallet Platform, offering unique and rewarding shopping experience for Malaysians
  • Presto also supports sellers’ network by helping them boost brand presence and sales to countless of shoppers, by leveraging social media engagement with measureable return on investment (“ROI”)


PUC POSTS REVENUE INCREASE IN Q3; BOTTOM LINE NEUTRALISED BY COSTS INCURRED FOR NEW BUSINESS INITIATIVES 

24 November 2017

  • Year-to-year (9MFY16 and 9MFY17) and quarter-to-quarter (Q2FY17 and Q3FY17) increases in revenue of 83.67% and 35.80% respectively were recorded, boosted by contribution in Advertising & Media (A&M), Renewable Energy (RE) and Technology segments

PUC’S FOUNDER QUBE ENTERS MOU WITH ADWHERE LIMITED EXPANDS DIGITAL MARKETING SOLUTIONS BUSINESS IN SOUTHEAST ASIA 

25 October 2017

  • With the exclusive collaboration, PUC Berhad’s (“PUC”) subsidiary Founder Qube Sdn Bhd (“FQ”) will leverage Adwhere Limited’s proprietary digital media influencer platform, Cloudbreakr Technology, to implement influencer marketing campaigns which will enhance and gain further business reach and international market presence for brand owners and marketers
  • Cloudbreakr Technology’s data analytics and algorithm combined with a database of more than 15,000 influencers allows clients to perform analytic searches to curate the best influencers that matches its needs, with opportunities for regional exposure to more than 7 countries in Asia Pacific for cross-country campaigns

PUC AND BERSIAN SIGN MOU TO ENHANCE ADVERTISING AND ECOMMERCE BUSINESS 

19 October 2017

  • PUC signs MoU with Bersian on cross marketing initiatives to grow and expand the business, through leveraging strengths in innovative solutions and growing clientele base
  • The MoU will see Bersian promoting PUC’s advertising and ePayments services to its existing clientele base, while PUC will market Bersian’s POS Services to its network

PUC APPOINTS DATUK OH CHONG PENG AS ITS NEW INDEPENDENT NON-EXECUTIVE DIRECTOR 

2 October 2017

  • Datuk Oh Chong Peng has been appointed as PUC Berhad’s new Independent Non-Executive Director, with effect from 1 October 2017



PUC BERHAD’S EPP SOLUTION GRANTED E-MONEY LICENSE FOR NEW E-COMMERCE OFFERING 

7 September 2017

  • EPP Solution Sdn Bhd (“EPP Solution”) receives approval for e-money license from Bank Negara Malaysia



PUC RECORDS SOLID QUARTER-TO-QUARTER GROWTH 

25 August, 2017

  • Quarter-to-quarter increases in revenue, gross profit and profit after taxation (PAT) were recorded

PUC FOUNDER (MSC) BERHAD IS NOW PUC BERHAD 

29 June, 2017

  • The name change reflects the Group’s new corporate identity and brand image as a digital lifestyle technology services provider

PUC SUBSIDIARY, FOUNDER QUBE, PARTNERS WITH LAPUTA, INTRODUCING A NEW ERA OF MOBILE ADVERTISING THROUGH INNOVATIVE AND ECONOMICAL MEANS 

28 June, 2017

  • The Exclusive Partnership with Laputa Ventures Sdn Bhd (“Laputa”) is going to strengthen the position of PUC Founder (MSC) Berhad (“PUC”) in integrated media services by leveraging Moola, Laputa’s advertising platform which connects brands with drivers
  • Together, both parties merge the power of traditional advertising with the effectiveness of digital advertising
  • Moola is a fresh new approach of mobile outdoor advertising to Malaysian marketers, offering a creative medium to connect with Malaysian audiences, through engaging advertising

PUC FOUNDER (MSC) BERHAD’S ENOVAX WINS INDUSTRY RECOGNITION, BAGS COVETED IT AWARD  

14 June, 2017

  • Enovax Pte Ltd (“Enovax”), a full-fledged IT business solutions company, which has been recently acquired by PUC Founder (MSC) Berhad (“PUC”), bags IT Service Award for exceptional work on Golden Village ‘Quick Tix’ system and Nexia TS ‘Practice Management System’

PUC FOUNDER (MSC) BERHAD ENTERS INTO THE NEXT PHASE OF ITS DEVELOPMENT 

4 May, 2017

  • PUC Founder (MSC) Berhad embarks on the next phase of its development, with the unveiling of a new leadership team and reiterating commitment to its business direction
  • PUC will continue to be led by Group Managing Director and Chief Executive Officer, Cheong Chia Chou, who will be supported by a key management team
  • PUC’s core business will continue to be in integrated media services, e-commerce, technology and renewable energy


PUC FOUNDER (MSC) BERHAD ACQUIRES ENOVAX PTE LTD, A FULL-FLEDGED INTEGRATED IT BUSINESS SOLUTIONS LEADER 

26 April, 2017

  • PUC Founder (MSC) Berhad (“PUC”) acquires a Singapore-based integrated IT business solutions leader, Enovax Pte Ltd (Enovax), for a total investment of SGD2,000,000.00 (RM 6,286,200.00)
  • Acquisition is in line with PUC’s long term growth and expansion plans of becoming a leading digital services provider
  • Erwin Foo, Chairman/CEO of Enovax is appointed Chief Technology Officer of PUC Founder


PUC FOUNDER (MSC) BERHAD DIVESTS STAKE IN OSCAR WEALTH ADVISORY SDN BHD 

19 April, 2017

  • PUC Founder (MSC) Berhad (“PUC”) divests its entire 70% stake in Oscar Wealth Advisory Sdn Bhd (“OWA”) for a total consideration of RM1,604,240.00