Business Process Outsourcing (BPO) provider Allsec Technologies is set to merge its operations with staffing and outsourcing services firm Quess Corp.
A joint statement said that the two companies are discussing an all-stock deal where all Allsec subsidiaries will be absorbed by Quess.
The statement added that the Board of Directors of Allsec Technologies and Quess Corp met last June 22 and approved the Scheme of Amalgamation for the merger.
Public shareholders of Allsec will receive 74 shares of Quess for every 100 shares held in Allsec.
Allsec is a global leader in outsourcing solutions with expertise in providing digital business services and human resource outsourcing services to more than 400 clients across 37 countries.