tiprankstipranks
Trending News
More News >

MobilityOne Extends Payment Deadline for Sincere Acres Acquisition

Story Highlights
MobilityOne Extends Payment Deadline for Sincere Acres Acquisition

Don’t Miss TipRanks’ Half-Year Sale

Mobilityone ( (GB:MBO) ) has shared an update.

MobilityOne Limited has announced an update regarding its acquisition of a 49% equity interest in Sincere Acres Sdn Bhd. The company has agreed with the vendor to extend the payment date for the second tranche of RM28 million to 31 May 2025, with accrued interest payments being made in the interim. This extension allows MobilityOne to manage its financial obligations while maintaining the terms of the acquisition, reflecting its strategic focus on expanding its e-commerce infrastructure payment solutions.

More about Mobilityone

MobilityOne is a leading virtual distributor of mobile prepaid reload and bill payment services in Malaysia, with connections to various service providers across industries such as banking, telecommunications, utilities, government agencies, and transportation. The Group operates through multiple distribution channels including mobile wallets, e-commerce sites, EDC terminals, automated teller machines, kiosks, and internet & mobile banking. It holds licenses in regulated spaces including acquiring, e-money, remittance, and lending, offering a range of services such as wallet, internet, and terminal-based payment services, white-label e-money, remittance, lending, and custom fintech ecosystems.

YTD Price Performance: -7.32%

Average Trading Volume: 151,784

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £2.02M

For a thorough assessment of MBO stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1