MOL Global, Inc. ADSs Now Quoted on the OTC Market
22 Abril 2016 - 7:42AM
MOL Global, Inc. ("MOL" or the "Company"), a leading e-payment
enabler for online goods and services in emerging and developed
markets, announced that its American Depository Shares (ADSs) are
now quoted on the OTC Market.
MOL's ADSs are now quoted under the ticker
“MOLGY” on the OTC Pink marketplace. The Company is
considering having its ADSs quoted on a higher tier marketplace,
such as the OTCQX or OTCQB, subject to approval from the relevant
authorities. Upon gaining approval, investors will be able to
access current financial disclosures and Real-Time Level 2 quotes
for the Company on www.otcmarkets.com.
“The intention to apply to a higher tier on the
OTC Market is to provide MOL Global, Inc.’s investors with an
efficient and transparent public trading market, which provides
continuous and real time disclosures to its investors. The Company
will continue to update the public on these developments,” said
Preecha Praipattarakul, Global CEO of MOL Global, Inc.
About MOL Global, Inc.
MOL Global, Inc. is a leading e-payment enabler
for online goods and services in emerging and developed markets.
MOL operates a payments platform that connects consumers with
digital content providers, telecommunications service providers and
online merchants by providing a vast network of distribution
channels that accepts cash and online payment methods. Its physical
distribution network comprises more than 970,000 locations in 11
countries across four continents. The Company also has mobile
payment channels, electronic distribution channels that accept
major credit cards and online banking from more than 100 banks. For
more information, please visit ir.mol.com.
Safe Harbor Statement for
Forward-Looking Statements
This announcement contains forward-looking
statements. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," "confident," "target,"
"going forward" and similar statements. Among other things, our
strategic and operational plans contain forward-looking statements.
We may also make written or oral forward-looking statements in our
periodic reports to the U.S. Securities and Exchange Commission, in
our disclosures to the OTC Market, in our annual report to
ADS-holders, in press releases and other written materials and in
oral statements made by our officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about our beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: our growth
strategies; our future business development, including development
of new products and services; our ability to attract and retain
users and customers; competition in each of the markets in which we
operate; changes in our revenues and certain cost or expense items
as a percentage of our revenues; and the expected growth of the
e-payment market and the number of e-payment users. Further
information regarding these and other risks is included in our
filings with the Securities and Exchange Commission. We do not
undertake any obligation to update any forward-looking statement,
except as required under applicable law. All information provided
in this press release and in the attachments is as of the date of
the press release, and we undertake no duty to update such
information, except as required under applicable law.
MOL Global, Inc.
Charles Tan
Email: IR@mol.com
For more information, visit the web site at ir.mol.com
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