Brief: Super Apps Holdings To Become A Public Company Through Merger With Technology & Telecommunication Acquisition Corporation

Bradbury Capital

19/10/2022 14:09

Oct 19 (Reuters) - Technology & Telecommunication
Acquisition Corp  TETE.O :
    * SUPER APPS HOLDINGS TO BECOME A PUBLIC COMPANY THROUGH
MERGER
WITH TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORPORATION
    * TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP - VALUES
SUPER
APPS AT AN ESTIMATED PRO FORMA ENTERPRISE VALUE OF $1.1 BILLION
UPON COMPLETION
    * TECHNOLOGY & TELECOMMUNICATION ACQUISITION - AS PART OF
DEAL,
SUPER APPS WILL RETAIN MANAGEMENT TEAM, LED BY CEO LOO SEE YUEN
    * TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP - AS PART
OF
DEAL, SUPER APPS WILL GAIN NEW BOARD MEMBERS, AND LOKE CHOW
WING, FROM TETE TEAM
    * TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP - COMBINED
CO
WILL BE NAMED TETE TECHNOLOGIES, WILL APPLY FOR LISTING ON
NASDAQ UNDER TICKER TETE
    * TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP - SUPER
APPS
WILL PARTNER WITH MOBILITYONE
    * TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP - SUPER
APPS AND
MYISCO SDN BHD COLLABORATION AGREEMENT SHALL BECOME EFFECTIVE
UPON CLOSING OF DEAL
    * TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP - SUPER
APPS
AGREED TO PURCHASE 60% OF MOBILITYONE'S OWNERSHIP INTEREST IN
ONESHOP RETAIL SDN. BHD.
    * TECHNOLOGY & TELECOMMUNICATION ACQUISITION CORP - COMBINED
COMPANY PROJECTS REVENUE OF ABOUT $348 MILLION FOR FINANCIAL
YEAR ENDING DECEMBER 31, 2023

Source text for Eikon:  ID:nGNXbmm2dZ 
Further company coverage:  TETE.O 
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