MyEG will make a third investment in a China-based company

KUALA LUMPUR (10 April): My E.G. Bhd (MyEG) services are investing 15 million yuan (RM9.1 million) in HiScene (Shanghai) Information Technology Co. Ltd.

E-government service provider reporting said MyEG Capital Sdn Bhd had agreed an agreement with HiScene to invest in enhanced products and enforcement services.

This marks the third investment of MyEG in the Chinese-based company. Earlier this month, he announced the investment of RM6.1 million in the Chinese editing company Jingle Magic, and last year invested 3.125% in the Guangzhou and mobile phone. the developer of AR Ximmerse.

The MyEg investment in SuZ-GGV Yuanxing Equity Investment Partnership (Partnership Limited) is the latest investment in HiScene, Xiamen Meitu Network Technology Co, Ondine Capital, and a few other Chinese investors, ”said MyEG.

Established in 2012 with headquarters in Shanghai and branches in Beijing, Guangzhou, Shenzhen, Kunming and Silicon Valley, HiScene is a leading provider of AR products and services, which are central to the main Intelligent Information technologies Search and edit independently. computer vision, in-depth learning and intelligent interaction, as well as integrated software and software. HiScene will also be delivering high-level business solutions.

Using the concept of “Integrated Terminal and Cloud”, HiScene played a central role in the SAAS promotion of enterprise-level cloud services in the industry, and a critical mass called HiAR Glasses, .

The portfolio of MyEG Capital investments also includes a mix of technology industries, including FashionValet, Agmo Studio and Stampede Solutions.

Raised proportions of MyEg got two sentences or 1.27% to close at RM1.60 today, giving it a market balance of RM5.58 billion. The counters were among the stocks which were actively exchanged at the Bursa Malaysia, with about 37.04 million shares exchanged.

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