KUALA LUMPUR (Sept 21): MY EG Services Bhd (MYEG) has entered into a partnership with China's Bubi Technologies Co Ltd to build supernodes around the world based on a blockchain system. Through a Malaysian-incorporated joint venture that will be 51% held by MYEG, the partners will set up supernodes outside China based on a high-performance and highly compatible blockchain system that is developed by Bubi, the group said. MYEG said Bubi, one of China's leading blockchain technology providers, is actively involved in the ongoing development of China's national blockchain infrastructure, deploying its widely used protocol for the network, which has industrial sector applications as one of its main use scenarios. MYEG also said that the joint venture's private blockchain will be well positioned to bring positive transformation to regional supply chain financing. Shares in MYEG finished 1.5 sen or 1.64% higher at 93 sen, giving it a market capitalisation of RM6.75 billion.

Source: The Edge Markets September 21, 2021 14:15 UTC