MobilityOne Limited Completion of Acquisition of Shareholding in OTR (8770U)
08 Abril 2021 - 10:57AM
UK Regulatory
TIDMMBO
RNS Number : 8770U
MobilityOne Limited
08 April 2021
8 April 2021
MobilityOne Limited
("MobilityOne", the "Company" or the "Group")
Completion of acquisition of 50% shareholding in OneTransfer
Remittance Sdn Bhd
Further to the announcement released on 1 March 2021,
MobilityOne (AIM: MBO), the e-commerce infrastructure payment
solutions and platform provider, is pleased to announce that,
MobilityOne Sdn Bhd ("M1 Malaysia"), the Group's wholly owned
operating subsidiary in Malaysia, has completed the acquisition of
the 50 per cent. shareholding the Group did not already own in
OneTransfer Remittance Sdn Bhd ("OTR") (the "Acquisition") and now
owns the entire issued share capital of OTR.
Completion of the Acquisition follows on from M1 Malaysia
receiving the requisite approvals from Bank Negara Malaysia ("BNM")
(the central bank of Malaysia) and all conditions in connection
with the Acquisition being satisfied. The effective date of
completion of the Acquisition was 7 April 2021.
OTR is incorporated in Malaysia and provides international
remittance services in Malaysia. It currently holds a remittance
business licence issued by BNM and has six outlets in Malaysia.
Further details on OTR and the terms of the Acquisition can be
found in the announcement released by MobilityOne on 1 March
2021.
For further information, please contact:
MobilityOne Limited +6 03 89963600
Dato' Hussian A. Rahman, CEO www.mobilityone.com.my
har@mobilityone.com.my
Allenby Capital Limited
(Nominated Adviser and Broker) +44 20 3328 5656
Nick Athanas
About the Group:
MobilityOne provides e-commerce infrastructure payment solutions
and platforms through its proprietary technology solutions. The
Group has developed an end-to-end e-commerce solution which
connects various service providers across several industries such
as banking, telecommunication and transportation through multiple
distribution devices including EDC terminals, mobile devices,
automated teller machines ("ATM") and internet banking. The Group's
technology platform is flexible, scalable and designed to
facilitate cash, debit card and credit card transactions from
multiple devices while controlling and monitoring the distribution
of different products and services.
For more information, refer to our website at
www.mobilityone.com.my
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END
ACQKZGGDFRDGMZM
(END) Dow Jones Newswires
April 08, 2021 09:57 ET (13:57 GMT)
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