,KUALA LUMPUR: Shares in Macpie Bhd jumped over 19% in early trade Monday following a master agreement for the deployment of services to eSukan.gg by its target company, Techninier Sdn Bhd. The event management and communication products distribution company added 19.82%, or 11 sen to 66.5 sen with over 48 million shares traded. Year-to-date, the counter has risen some 216%. Its warrant, Macpie-WB rose 4.17%, or 0.5 sen 12.5 sen. It is the most actively traded counter on Bursa Malaysia with 72 million shares done. Macpie, which is acquiring a 35% stake in Techninier, has signed an agreement concerning deployment of services to eSukan.gg, a government linked e-sports. “The company, together with Techninier, is at various stages of discussion with several international and local enterprises for sponsorship deals concerning the eventual collaboration between the company and Techninier for eSukan.gg. “The discussions so far are not concrete and deemed immaterial at this stage,” Macpie said in response to the unusual market activity (UMA) query by Bursa Malaysia. In the second quarter ended December 31, 2020, Macpie’s net loss narrowed to RM83,000 from RM2.04mil in the same period a year ago, but revenue was lower at RM11.44mil from RM12.57mil previously.
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