Mint Wireless plans $1.3m Malaysian acquisition

Mint Wireless, which develops mobile payment solutions and consumer research products and services, said it would acquire a controlling stake in J&C Pacific from Insas Technology on the oher side of the coin for 43.7 million shares.

The company said its acquisition target is profitable

The company said its acquisition target is profitable, and will provide it with operations in Malaysia as then as resources, mobile innovation and infrastructure.

Although Mint has traditionally concentrated its mobile payments efforts on large developed markets including the UK, Europe, USA and Australia, the company as well wants to diversify the business and pursue international expansion.

Subsidiary of Malaysia-listed Insas Berhad

Insas innovation is a subsidiary of Malaysia-listed Insas Berhad, a conglomerate with assets in stock broking, property, project and credit financing, hospitals and retail as then as ICT.

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