Investment Highlights.
Tranglo Sdn Bhd
Background
- Incorporated in 2009 with headquarters in Kuala Lumpur, and international offices in Indonesia, Middle East, and the United Kingdom.
- Provides the platform for mobile telecommunication companies (Telcos) to facilitate cross border transfer of prepaid credit and money remittance in a fast, easy and secure manner.
- Expanded services to local and international money remittance companies.
Investment Rationale
- An industry pioneer with a strong track record and longstanding relationships with Malaysian and global Telcos.
- A growing business in cross border mobile money remittance services, which offers significant potential
Transaction Details
Transaction Date
March 2015
Ownership
60.0%
Ekuinas has been very supportive of the Company’s growth initiatives, providing the necessary funding when required to achieve the milestones it has seen to date.
Teo Wei Min
Chief Financial Officer