8 Jan 2018 11:59
MySQUAR Limited ("MySQUAR" or the "Company")
Response to recent market commentary
Further to recent press speculation relating to Tencent Holdings Limited and other regional internet focused businesses, MySQUAR, the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, notes that it has held discussions in relation to commercial and investment opportunities with various regional participants in its area of business as would be expected.
As noted in the Company's announcement of 3 January 2018, MYSQ confirms that while it has received an approach from another organisation which may or may not lead to a takeover offer, there can be no certainty that an offer will be made for the Company or as to the terms on which any offer might be made.
The Company does not intend to make further comment in respect of press speculation in relation to these matters however further announcements will be made in due course as appropriate and in accordance with the Company's regulatory responsibilities.
For further information:
MySQUAR Limited | |||
Eric Schaer (Chief Executive) | Tel: +65 6725 6388 | ||
Pham Dang Hung (CFO) | |||
SP Angel Corporate Finance LLP | Tel: +44 (0) 203 470 0470 | ||
Nominated Adviser | |||
Stuart Gledhill/Soltan Tagiev
Beaufort Securities Limited Broker Jon Belliss/Elliot Hance
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Tel: +44 (0) 207 382 8300
Tel: +44 (0) 781 677 0758 damien@mccrystal.info
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