Expect Speeding ticket from company6 Jan 2026 08:58
MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider, is pleased to announce that MobilityOne Sdn Bhd ("M1 Malaysia"), the Group's wholly-owned operating subsidiary in Malaysia, has received a conditional approval dated 23 December 2025 from Labuan Financial Services Authority ("Labuan FSA") for M1 Malaysia to establish a subsidiary in Labuan to be named MBO Bank (Labuan) Limited ("MBO Bank"), to carry on Islamic digital banking business in Labuan, Malaysia.
Whilst the Company is pleased with this approval, the Directors do not anticipate the Group to record any revenue or earnings from the Islamic digital banking business in the financial year ending 31 December 2026 as the Group has to begin the preparatory work for MBO Bank to meet the conditions of approval from Labuan FSA, including MBO Bank having sufficient capital reserves, strong corporate governance and other strict operational and prudential requirements in place as stipulated by the