IOUpay revised the terms of its investment in IDSB

IOUpay Limited (ASX:IOU) and its Board of Directors announce that it has revised the terms of its investment in I.Destinasi Sdn Bhd (IDSB) effective 31 August 2022.

• The revised conditions of IOU’s investment follow a recent renegotiation and variation of the total investment acquisition terms of IDSB via adjustments to the Second Tranche Payment completion terms.
• The Company’s total investment in in IDSB following completion (as varied) of the acquisition will be a total ownership of 34% of IDSB’s issued capital for a total investment of ~AU$23.3 million.
• The date for Tranche Two Completion has been extended.  It will now occur within 60 days of the Vendors having procured and aided for IDSB to get necessary consents regarding IDSB’s Accountant General Code for salary deduction of Federal Government Servants.

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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

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