KUALA LUMPUR (Jan 16): Shares in Cuscapi Bhd rose 6.06% this morning after the firm said it has entered into a Memorandum of Understanding (MoU) today with PT CIU to be strategic partners for the roll-out of F&B sector POS projects in Indonesia.

At 9.11am, Cuscapi rose 1 sen to 17.5 sen, valuing it at RM150.37 million.

"Additionally, the strategic partnership with PT CIU will extend Cuscapi’s footprint and increase our POS hardware installed user base," it said.