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The Board of Directors of ManagePay wishes to announce that MPSB had on 27 January 2014 accepted the LOA from PONSB to act as its vendor for supply of taxi credit card terminals for certain PROTON models.
INFORMATION OF PONSB
PONSB is a wholly-owned subsidiary of PROTON Holdings Berhad, which in turn is a wholly-owned subsidiary of DRB-HICOM Berhad.
FINANCIAL EFFECTS
The LOA is expected to contribute positively to the net assets and earnings of ManagePay for the financial year ending 31 December 2014. The value for such supply depends on the demand by PONSB for the taxi credit card terminals.
INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/ OR PERSONS CONNECTED WITH THEM
None of the Directors and/ or major shareholders of ManagePay and/ or any persons connected to them have any interest, direct or indirect, in the LOA.
This announcement is dated 28 January 2014. |
