RE: RNS out16 Mar 2026 16:49
MobilityOne Limited has announced a further extension for the second tranche payment of RM28.0 million for its 49% acquisition of Sincere Acres Sdn Bhd, now due by 31 May 2026. As part of this agreement, MobilityOne will pay RM705,753.42 in accrued interest in three equal monthly instalments starting March 2026, and an additional RM1,400,000 in previously accrued interest will be paid by the same extended deadline. All other acquisition terms remain unchanged, with the outstanding second tranche payment continuing to accrue interest at 10% per annum.