Please find attached GHL's Press Release in relation to the Agreement.

Information on the Agreement

The Agreement to commence operations to acquire merchants under a Third Party Acquirer (“TPA”) or Payment Service Provider (“PSP”) arrangement with Global Payments Card Processing Malaysia Sdn Bhd was signed on 5 June 2014 and a supplemental Agreement was signed on 19 December 2014. The finalisation of the press release w​as concluded on 27 January 2015.

The Agreement came into force on 19 December 2014 and remains in effect until terminated. There is no initial sales value under the Agreement. Revenue earned by GHL is derived from terminal rental and merchant discount rate​s ​that will continue as long as GHL sign’s​-up merchants for card acceptance as a TPA​/PSP​ with G​lobal Payments Malaysia.

The Agreement is expected to contribute positively to GHL group in the financial year ending 31 December 2015 and onwards. ​There are no changes to the share capital and shareholding structure as a result of this agreement.

GHL Group will continue to be exposed to similar business, financial, operational and investment risks in the payments industry that the Group is ​presently involved in. These risks include​,​ but ​are ​not limited to​, changes in the economic and political environment, inflation and interest rates, taxation, currency fluctuations, legislative and regulatory policy changes. In addition, the Agreement is also dependent on the performance of the ​Malaysia economy, inflation, interest rates, and policy changes.

None of the Directors or major shareholders of GHL or any person connected to the Directors or major shareholders have any interest, direct or indirect, in the Agreement.

The Board is of the opinion that the Agreement is in the best interest of the Company.

This announcement is dated 27 January 2015.

Quarterly results coming......

R1=RM1.05!

R1= RM0.805, R2=RM0.86, R3=sky's the limit :)

It's coming...

Yes Christine, looks like the t4 has been well-absorbed indeed! Hope for a nice show come Thurs/Friday...

Looks like CIMB is doing a big rollover

Cycas has a total of 28.94% stake in GHLSYS to date and has board representation via Brahmal and Sze Mei. What does this tell us? :)

Haha of course, great entry price now for those left out of the game, especially with strong recurring income!

You won't know if it's MOL cos they only hold 2.91% (less than the 5% minority), hence they are not required to declare their sale

MOL throwing via Interpac

MOL selling their 18.9 million share stake?