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Https://www.linkedin.com/pulse/ai-healthcare-enhancing-efficiency-quality-care-sanjay-das-uuyec/
AI In Healthcare: Enhancing Efficiency and Quality of Care
Sanjay Das
Founder & Managing Director at HATI International Sdn.Bhd.
Published Mar 18, 2024
Nice to see a few accumulating. Moving into news window
Starting to get block buying
Literally pointless unless you’re prepared to hold into Q2 when the merger will take place. That’s not for a few weeks and then could be a month or so. This is not a quick flip/pump
When the merger goes through you’ll be lucky to buy in sub 15p though
Due to take place in Q2
Therefore anyone buying needs to be prepared to wait for up to three months
Otherwise, pointless buying
Three months and from this price, based off fundamentals of the deal, it’s a minimum 200% rise
Will likely spike a lot more on the days after
GL DYOR
Someone sells when there was news that was expected 🤦♂️😂
This is going bag so hard within the next few weeks
Just simply have to hold the merger vote
Extended 2nd payment for smart hospital co until September
https://hatiintl.com/
Yeah nominal amount of 70p.
contains a license for: https://www.mcmc.gov.my/en/sectors/telco/licensing
I guess they can offer any complimentary services relating to the license.. alongside the mobile stuff they already offer
Lol good spot I thought it was 70k! I must learn to pay more attention to the detail!
Yes feels that way. They’re really forward but nothing showing in the SP yet
They just bought a dormant business for 70p that looks fairly irrelevant but it has licences and from the Malaysian government?
Could be a master stroke
70p! That’s seventy pence. I couldn’t work it out when I saw it 😂
Seems to be lots of little things happening at the moment. I get the feeling this is going to explode very soon and the share price will follow. Lots of us have been very patient here so it’s about time we were rewarded!
Nice one Inittowinapenny. Q2 only a few weeks away.
Remind me, when does MBO receive the £7m cash? As soon as merger completes or shortly after?
It looks like the Tete annual report has now been published. From my understanding they state the merger will go through in Q2 which is the first firm timeframe I’ve seen so all looks positive now!
Very nice Smkr
Clear as day it’s going ahead
Just have to sit tight
Great find though, more pieces of the jigsaw
It’s interesting to note, and many may have missed this. That one of the conditions that need to be satisfied for TETE to move forward with merger is that Superapps and Mbo have completed the disposal. Here are the TETE closing conditions from Nov 23 document on SEC website.
TETE’s Conditions to Closing
The obligations of TETE and Merger Sub to consummate the transactions contemplated by the Merger Agreement, in addition to the conditions described above in the first paragraph of this section, are conditioned upon each of the following, among other things:
● the representations and warranties of Super Apps being true on and as of the Closing, other than as would not reasonably be expected to have a Material Adverse Effect;
● Super Apps complying with all of the obligations under the Merger Agreement in all material respects;
● Super Apps and MobilityOne Sdn. Bhd., a Malaysian private limited company (“MobilityOne”) which beneficially owns 100% of the outstanding ordinary shares of OneShop Retail Sdn. Bhd., a Malaysian private limited company (“OneShop Retail”), shall have closed the transaction relating to the purchase by Super Apps of 60% of MobilityOne’s ownership interest in OneShop Retail pursuant to the Share Sale Agreement, dated October 19, 2022, by and between Super Apps and MobilityOne, which is attached hereto as Exhibit 10.11;
88
● Super Apps and MobilityOne shall have entered into a shareholder’s agreement, which shall govern the relationship between Super Apps and MobilityOne as shareholders of OneShop Retail, including with respect to the composition of the board of directors of OneShop Retail; and
● Super Apps and MyIsCo Sdn Bhd, a wholly owned subsidiary of MyAngkasa Digital Services Sdn Bhd, a Malaysian private limited company led by Angkatan Koperasi Kebangsaan Malaysia (“ANGKASA”), shall, at least one day prior to the Closing, enter into a Collaboration Agreement (the “Collaboration Agreement”) allowing OneShop Retail, as the authorized bill payment collection and credit lending agency of ANGKASA, to operate its payment collection system through ANGKASA’s authorized dealers for the collection and remission of any payment of bills via cash payment, credit card, debit card or cheque. The Collaboration Agreement is attached hereto as Exhibit 10.12.
Vams12 that’s a very interesting document.
This is within it, as a part of some section from a research / advisory company to TETE.
Growth Potential. As a result of the Asia region’s strong growth over the past several decades, the region has become home to a large number of small domestic and regional companies, which are serving the ever-increasing needs of economies locally. Our guidelines for searching for a target included identifying a business that, with strategic advice and access to sufficient capital, may be established as a regional market leader. Super Apps’ join venture partner, MobilityOne, has a 20 year track-record in the payment systems industry and scalable technology. Pursuant to the Collaboration Agreement with MyIsCo Sdn Bhd, Super Apps will have access to MyIsCo’s database with approximately 8 million existing members, who include government employees and other workers in Malaysia. The TETE management team and Board believe that the proposed Transactions will lead to the creation of a market leader in the Malaysian payment systems industry.
(2)
Long-term Revenue Achievement with Defensible Market Position. Our guidelines for searching for a target also included identifying a business where we believe we can drive improved financial performance and where an acquisition may help facilitate growth. We believe that the synergies that will result from the Joint Venture Agreement and the Collaboration Agreement will propel further growth. As disclosed in the Projections, Super Apps anticipates generating revenue of $368.6 million in the first year following the closing of the Transactions and increasing the revenue to $532.1 million in the second year after closing.
(3)
Benefits from Value Creation and Marketing Opportunities. Our guidelines for searching for a target also included identifying a business with (i) the potential for organic growth in cash flows, (ii) the ability to achieve cost savings, (iii) the ability to accelerate growth, including through the opportunity for follow-on acquisitions and (iv) the prospects for creating value through other value creation initiatives. The collaboration between Super Apps and MyIsCo, which is affiliated with ANGKASA, which facilitates the monthly salary disbursements and other transactions for its large membership across Malaysia and other ASEAN countries. The relationship with ANGKASA provides an opportunity for organic growth in cash flows provided by access to millions of new users on Super Apps’ payment platform. In addition, because of the reach of MyIsCo, the Collaboration Agreement will result in organic marketing that will result in significant cost-savings for PubCo.
So it seems they’ve done the disposal to get things moving with superapps.. probably building/developing app back end.
merger still to go to vote as before between TETE / Superapps .. which concerns the cash payments to MBO.
it’s as we were .. but with TETE making a move..
Nice bit of news guys!
Hello,
This Rns confirms whats have been stated in the form 4/A 2. There is a background section where you got info of what happened before the deal was announced, it says this:
On May 20, 2022, Wan Heng Chee held an initial call with Dato Hussian A. Rahman, the Chief Executive Officer of MobilityOne, to discuss a possible acquisition or strategic joint venture arrangement with MobilityOne or its affiliates.
On May 25, 2022, Wan Heng Chee and Dato Hussian A. Rahman met to further discuss the terms of a potential business arrangement. During this meeting, Wan Heng Chee proposed acquiring 100% of OneShop Retail for cash consideration and entering into an agreement with MobilityOne to continue to obtain MobilityOne’s support in operating the business after consummation of such acquisition.
And also this:
The reason why TETE did not directly acquire the 60% interest in OneShop Retail and the point of acquiring the interest indirectly through Super Apps was that:
(1) prior to the introductory meeting between Tek Che Ng and Wan Heng Chee, Super Apps was already in discussion with MobilityOne regarding the acquisition of an ownership interest in OneShop Retail;
(2) a key aspect of Super Apps’ strategy in pursuing the joint venture with MobilityOne was the growth potential that could be unlocked through the collaboration agreement with MyIsCo, which agreement was already being negotiated by Super Apps when Wan Heng Chee was introduced to Tek Che Ng; and
(3) the execution of the deal between MobilityOne, MyIsCo and Super Apps was made possible by The Bradbury Group’s network of relationships and TETE would not have been able to identify and arrange the joint venture opportunity with MobilityOne and the collaboration arrangement with MyIsCo.
Basically Super Apps and MBO were previously in discussions to buy OneShop prior of the possibility of making the company public via TETE.
IMO the completion of the disposal is for the following reason:
To make the JV happen with Super Apps either TETE gets the regulatory approvals or not.(which was the initial plan)
If TETE dont get the approval we wouldn't know which should be the scope of the payment which I think will be negotiated later(MBO haves a clausule to buy back if price is not good).
In any ways, TETE going through or not I think this will play out good.
Regards.
Yes agree that’s how I see it. Nothings changed except superapps has our tech, which is a great sign
20p beckons
My takeaway is that this part of this particular project is merely being confirmed (which is good)......Sure we have no control over Tete...(which was previously stated).....so nothing has changed...other than pragmaticly moving fwd. with SuperApps.
Plenty more projects besides! Bargain SP! GLA
Ok yes so surely that’s a positive RNS?
Theyve given their IP/tech or whatever to SuperApps
The disposal is to Superapps
Disposed to TETE?