Indonesia’s Kresna to acquire stakes in Singapore-based DominoPos, MDAQ

Indonesia’s Kresna to acquire stakes in Singapore-based DominoPos, MDAQ

President director Kresna Michael Steven.Photo from company website

Indonesia’s investment company, PT Kresna Graha Investama Tbk (KREN) is in the process of investing in Singapore based DominoPos Pte Ltd, a software development for mobile payment & CRM domain firm and MDAQ Pte Ltd, a financial technology firm, said a company official late Thursday.

Michael Steven, president director of Kresna said, the company will acquire some shares of DominoPos and MDAQ. He declined to disclose the funding outlay for both the deals because the legal process is still being carried out.

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