Mobilityone (GB:MBO) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
MobilityOne Limited has announced a further extension for the payment of the second tranche for acquiring a 49% stake in Sincere Acres Sdn Bhd, now due by 31 December 2024, with the interest rate fixed at 10% per annum. The initial agreement was modified, removing the potential reduction of the balance by RM1.0 million even if the payment is made by the new deadline. This strategic move affects the company’s financial planning and stakeholder interests, while all other terms of the acquisition remain the same.
For further insights into GB:MBO stock, check out TipRanks’ Stock Analysis page.