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Key Alliance active, jumps 11% on acquiring enterprise cloud solutions provider

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Key Alliance active, jumps 11% on acquiring enterprise cloud solutions provider

Key Alliance active, jumps 11% on acquiring enterprise cloud solutions provider

KUALA LUMPUR (May 23): Key Alliance Group Bhd jumped 11.11% in active trade this morning after the company said it is buying enterprise cloud solutions provider RapidCloud (M) Sdn Bhd for RM3.5 million cash to leverage on the latter's 10,000 clients and its existing reseller relationship with AliBaba Cloud and Alibaba Global Gold Supplier.

At 9.16am, Key Alliance added 0.5 sen to 5 sen with 7.94 million shares done.

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