Update on Proposed Joint Venture with Super Apps
First instalment of RM40 million from Super Apps joint venture remains unpaid past deadline.
- Overdue consideration from Super Apps RM40.0 million (c. £6.84 million)
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Further to the announcement released by the Company on 7 October 2026 regarding, amongst other matters, the completion of the Merger Exercise, MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider, notes that the first instalment of consideration due from Super Apps by 20 October 2026 (being RM40.0 million (c. £6.84 million)) remains outstanding as at the date of this announcement.
The Company is in close dialogue with Bradbury Capital Inc. and will release a further announcement, as and when appropriate.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.