Brief: Ioupay Ltd Says Ioupay Confirmed Total IDSB Acquisition And Revised T2 Terms

Ovanti

01/09/2022 02:36

Sept 1 (Reuters) - Ioupay Ltd  IOU.AX :
    * IOUPAY CONFIRMS TOTAL IDSB ACQUISITION AND REVISED T2
TERMS-IOU.AX
    * REVISED TERMS OF ITS INVESTMENT IN I.DESTINASI SDN BHD
    * INVESTMENT IN IDSB POST COMPLETION OF ACQUISITION WILL
REPRESENT
OWNERSHIP OF 34% OF IDSB IN RETURN FOR TOTAL INVESTMENT OF 72.5
MILLION RGT
    * TRANCHE TWO COMPLETION IS THEREFORE NOW FIXED TO BE AN
AMOUNT OF
9.5 MILLION RGT

Source text for Eikon:  ID:nASX6S1rsV 
Further company coverage:  IOU.AX 

 ((Reuters.Briefs@thomsonreuters.com;))