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Wednesday, September 10, 2014

Digistar secures money lending license


PETALING JAYA: Digistar Corp Bhd's wholly-subsidiary Nielsen Ward Sdn Bhd has received a conditional approval for a money lending license from the Urban Wellbeing, Housing and Local Government Ministry's Moneylenders and Pawnbrokers Department.

In a filing with Bursa Malaysia yesterday, Digistar said the business license will diversify the group's earnings base and is expected to contribute positively to its earnings for the financial year ending Sept 30, 2015 when Nielsen Ward starts its money lending business.

The approval is subject to the fulfillment of all the conditions imposed by the ministry within three months from the date of approval that is by Nov 20, 2014.

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