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General Announcement
10/12/2013
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS MANAGEPAY SYSTEMS BERHAD (MANAGEPAY OR THE COMPANY) - Acquisition of 50.00% Equity Interests in Managepay GTF Sdn Bhd By Managepay Services Sdn Bhd, a wholly-owned subsidiary of ManagePay
MANAGEPAY SYSTEMS BERHAD
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
MANAGEPAY SYSTEMS BERHAD (MANAGEPAY OR THE COMPANY)
- Acquisition of 50.00% Equity Interests in Managepay GTF Sdn Bhd By Managepay Services Sdn Bhd, a wholly-owned subsidiary of ManagePay
We refer to the announcement dated 9 December 2013 pertaining to the subject matter. The terms herein shall bear the same meaning as defined in the said announcement.
The Board of Directors of ManagePay wishes to provide additional information pertaining to Global Tax Free Company Limited ("GTF") and eTRS GTF Systems Sdn Bhd ("eTRS") as follows:
1) GTF is a Asia-based approved refund agent based in Korea, operating tax refund counters at major ports/airports in Korea and also operates exclusively in Doota Mall, a mall located in Seoul, Korea. GTF is a market leader in tax refund in Korea and has been approved for an approved refund agent operation in Singapore commencing in early 2014 by the Inland Revenue of Singapore.
(Source: The management of ManagePay)
2) eTRS is a bumiputera-controlled company specialising in retail consulting services, operations, marketing and technology application specifically in the retail services industry. eTRS has a wide and established working relationships with the Malaysian Retailer Chains Association corporate members, a key retail component in the Tourist Refund Scheme rollout.
(Source: The management of ManagePay)
This announcement is dated 10 December 2013.
Announcement Info
Company Name
MANAGEPAY SYSTEMS BERHAD
(ACE Market)
Stock Name
MPAY
Date Announced
10 Dec 2013
Category
General Announcement
Reference No
CC-131209-73953
Related Announcements for MPAY
Date
Title
25/03/2015
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13/03/2015
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
02/03/2015
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02/03/2015
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): INTENTION TO DEAL DURING CLOSED PERIOD
24/02/2015
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13/02/2015
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12/02/2015
OTHERS MANAGEPAY SYSTEMS BERHAD (“MANAGEPAY” OR “THE COMPANY”) - APPOINTMENT OF MEMBER OF NOMINATION COMMITTEE
15/01/2015
OTHERS MANAGEPAY SYSTEMS BERHAD("MANAGEPAY" or the "Company") -Letter from Multimedia Development Corporation Sdn Bhd (“MDeC”) to ManagePay Technologies Sdn Bhd (“MTSB”), a wholly-owned subsidiary of ManagePay, in relation to the MPAY Collection on Delivery (COD) Solutions and Services (“COD Project”)
08/01/2015
OTHERS MANAGEPAY SYSTEMS BERHAD("MANAGEPAY" or the "Company") -Completion of Tenure of Sponsorship
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