We would love to hear your thoughts about our site and services, please take our survey here.
Brighty. Today’s TR1 has the exact same voting rights as the last Farrier Tr1 before xmas. 268,780,349.
Looks like today’s guy took them from him.
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..
They’ve disposed the 60%. Probably so both parties can begin developing on superapps (there’s jobs on mbo careers section for software engineers with code SUPP-APP)
So, if merger goes ahead the payment terms stand as before.
If it doesn’t, the 60% disposal can be taken back for a nominal value.
Its an “as you were” RNS in reality.
We await merger and further news
It doesn’t matter how many times you say this over and over again it will keep happening on aim Dave. It’s been happening since day dot., just market is so illiquid now it’s harder for folk who try it.
Anyway., let’s keep it positive on MBO. We can’t control the numpties buy and sell buttons
It’s difficult to put a real value to this until we see the scale of next commercial deals.
But, for me.. the value here lies in this as a takeout target. Read between the lines at what Thermofisher are using that belongs to VRCI.
Companies like TMO could take us out for several multiples with change they find under their sofa cushions. This is such a gem..
“Global licensing and commercialisation agreement with Thermo Fisher Scientific
Commercial agreement for exclusive license to Verici Dx Assay Technology”
Https://x.com/hati_intl/status/1762431418414596456?s=46
#HATIInternational is going global! With a focus on seamless healthcare payments and expanding our #IoT/#AI tech, we're ready to make waves beyond #Malaysia. Thanks to our amazing team, partners, and #MobilityOne for believing in our mission! 🌐
#HealthcareInnovation
Looking much better. I wonder where these buyers have come from? Hopefully just others noticing the SEC filings / declarations from institutions..
https://www.nasdaq.com/market-activity/stocks/tete/sec-filings