REG - MobilityOne Limited - Update on Proposed Joint Venture with Super Apps

MobilityOneAnnouncement

27/01/2025 14:15

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RNS Number : 8266U  MobilityOne Limited  27 January 2025

27 January 2025

MobilityOne Limited

("MobilityOne", the "Company" or the "Group")

 

Further update on Proposed Joint Venture with Super Apps

 

MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and
platform provider, notes that a Form 8-K report was filed by Technology &
Telecommunication Acquisition Corporation ("TETE") on 24 January 2025 (the
"TETE Filing") which is available for viewing on the United States Securities
and Exchange Commission's website ("SEC").

 

The TETE Filing notes, amongst other matters, the extension of the deadline to
complete the Merger Exercise from 20 January 2025 to 20 April 2025.

 

Part of the text of TETE's announcement is set out below:

 

"Subsequent to the approval by the shareholders of TETE of the Amendment to
TETE's Amended and Restated Memorandum and Articles of Association (the
"Charter Amendment"), on January 20, 2025, TETE filed the Charter Amendment
with the Registrar of Companies in the Cayman Islands. Pursuant to the Charter
Amendment, TETE has the right to extend the date by which it has to consummate
a business combination by three (3) months from January 20, 2025 to April 20,
2025 (i.e., for a period of time ending 39 months after the consummation of
TETE's initial public offering)."

 

The Company will release further announcements as and when appropriate.

 

Unless otherwise defined herein, the capitalised defined terms used in this
announcement have the same meaning as those used in the Company's announcement
on 19 October 2022.

 

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 / Vivek Bhardwaj

 

 

About the Group:

 

MobilityOne is one of the leading virtual distributors of mobile prepaid
reload and bill payment services in Malaysia. With connections to various
service providers across industries such as banking, telecommunications,
utilities, government agencies, and transportation, the Group operates through
multiple distribution channels including mobile wallets, e-commerce sites, EDC
terminals, automated teller machines, kiosks, and internet & mobile
banking. Holding licenses in regulated spaces including acquiring, e-money,
remittance and lending, the Group offers a range of services to the market,
including wallet, internet, and terminal-based payment services, whiteabel
e-money, remittance, lending, and custom fintech ecosystems for communities.
The Group's flexible, scalable technology platform enables cash, debit card,
and credit card transactions from multiple devices while providing robust
control and monitoring of product and service distribution.

 

For more information, refer to our website at www.mobilityone.com.my
(http://www.mobilityone.com.my)

 

 

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