GHL Agrees to Acquire e-pay Asia

Oct 7, 2013 (Mon): GHL Systems Berhad (GHL), the leading payment solutions provider in the region has announced that the company agreed to undertake a takeover offer to acquire all of the shares in e-pay Asia Limited (EPY), a provider of electronic top-up services and also is a public company listed on the Australian Securities Exchange.

According to GHL’s official statement, the company proposed to acquire EPY at cash of RM69 million. Alternative, EPY shareholders will have the choice to elect to receive 2.75 GHL Shares (worth RM042 per ordinary share) for each EPY Share held.

Author: VSDaily Editor

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