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Last checked at 
27 Jun 2014 11:25
27 June 2014
MobilityOne Limited
("MobilityOne" or the "Company")
Appointment of Chairman
The Board of MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider with its main operations in Malaysia, is pleased to announce that Abu Bakar bin Mohd Taib has been appointed as non-executive chairman of MobilityOne with immediate effect.
Abu has previously worked for several listed companies and financial institutions in Malaysia including Nestle (Malaysia) Berhad, Bank Bumiputera Malaysia Berhad (now part of CIMB Bank Berhad) and United Malayan Banking Berhad (now part of RHB Bank Berhad). He was mainly involved in corporate communications and corporate affairs until 2004. Since 2005 he has been the director of several companies that are principally involved in timber related activities in Malaysia. He obtained a Master of Business Administration in Marketing and Finance from West Coast University (USA) and a Bachelor of Science in Business Administration from California State University (USA).
Abu will chair the audit, nomination and remuneration committees of the Company.
Dato' Hussian A. Rahman, CEO of MobilityOne, said: "We are delighted to have Abu join our Board and believe he will be an important addition to the MobilityOne board. Abu's broad knowledge and experience of the Asian markets shall prove invaluable as we look to further develop the MobilityOne business. Abu already has a strong understanding of our business having been a director of our Malaysian operating subsidiary, MobilityOne Sdn Bhd, since 1 July 2013"
Pursuant to the AIM Rules for Companies the following is disclosed in relation to Abu.
Abu Bakar bin Mohd Taib, aged 61, is, or has been within the past five years, a director or partner of the following entities:
Current Directorships and Partnerships: | Directorships and Partnerships held in the past 5 years: |
MobilityOne Sdn Bhd | Magnitude Ace (M) Sdn Bhd |
Idris Hydraulic (Malaysia) Bhd | |
Idaman Unggul Berhad | |
Bintang Tawau Sdn Bhd | |
Mee Cheong Sdn Bhd | |
Resolute Enterprise Sdn Bhd | |
Sykt Sogon Bersaudara Sdn Bhd | |
The One Gaharu Sdn Bhd |
There is no further information that is required to be disclosed pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies.
For further information, contact:
MobilityOne Limited +6 03 89963600
Dato' Hussian A. Rahman, CEO www.mobilityone.com.my
har@mobilityone.com.my
Allenby Capital Limited (Nominated Adviser and Broker) +44 20 3328 5656
Nick Athanas /James Reeve/Michael McNeilly
Newgate Threadneedle +44 20 7653 9850 Robyn McConnachie/Alex White
About the Group:
MobilityOne is the holding company of an established group of companies that provide e-commerce infrastructure payment solutions and platforms through its proprietary technology solutions, marketed under the brands MoCS and ABOSSE.
The Group has developed an end-to-end e-commerce solution which connects various service providers across several industries such as banking, telecommunication and transportation through multiple distribution devices including EDC terminals, mobile devices, automated teller machines ("ATM") and internet banking.
The Group's technology platform is flexible, scalable and designed to facilitate cash, debit card and credit card transactions from multiple devices while controlling and monitoring the distribution of different products and services.
For more information, refer to our website at www.mobilityone.com.my
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