Johor Sultan Becomes Shareholder of MOL AccessPortal Sdn Bhd

Feb 24, 2014 (Mon): Asia’s leading online payment service providers, MOL Global Pte. Ltd. (“MOL Global”) has announced that DYMM Sultan Ibrahim of Johor will a 15% stake in its wholly-owned operating subsidiary, MOL AccessPortal Sdn Bhd (“MOL”) for a cash consideration of USD120 million. After the transaction, MOL Global still retains an 85% stake in MOL.

According to MOL Global, it is the wish of Sultan Johor to increase its involvement in the technology sector creating more employment and job opportunities for the people of Johor.

Author: VSDaily Editor

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