Update on Proposed Joint Venture with Super Apps
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your MBO notes
MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider, notes that a preliminary proxy statement/prospectus has been filed by Tete Technologies Inc, a wholly owned subsidiary of Technology & Telecommunication Acquisition Corporation ("TETE"), on 29 February 2024 (the "TETE Proxy Filing") which is available for viewing on the United States Securities and Exchange Commission's website ("SEC").
As separately announced by the Company on 1 March 2024, the payment of the consideration to MobilityOne in relation to the terms of the Share Sale Agreement between M1 Malaysia and Super Apps concerning the disposal by M1 Malaysia of a 60% shareholding in the Group's wholly-owned non-core subsidiary OneShop Retail Sdn Bhd ("1Shop") to Super Apps (the "Disposal") is subject to the completion of the Merger Exercise and such consideration payments will be dependent on timings for completion of the Merger Exercise.
The Company will release further announcements as and when appropriate.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.