MC Payment shares gained as much as 21.2% after news on the morning of June 18, after it announced the evening before that it has received a letter of intent from an Indonesian payments and remittance company PT Dompet Harapan Bangsa, trading under the brand name OY!, to explore the possibility of taking an equity stake in itself.

According to MC Payment, key OY! investors include Softbank Ventures Asia, AC Ventures, PT Metra Digital Investama, Wavemaker, and Temasek subsidiary Pavilion Capital.

In a late June 17 announcement via SGX, MC Payment said the letter of intent was dated June 14 and it received the letter on June 16. 

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