On September 25th, 2014, OMI Holdings Limited (OMI) changed its name and ASX code to iSentric Limited (ICU).
Donaco International to spin out mobile payments and banking technology business
Wednesday, February 26, 2014 by Proactive Investors
Donaco International (ASX: DNA) should trade higher after revealing plans to spin off its mobile technology business, iSentric, into a new company separately listed on the ASX.
Establishing iSentric as a separate ASX-listed company will enable it to receive the proper focus from investors, who have been eager to follow similar businesses operating in this space.
The iSentric business is cashflow positive, based in Kuala Lumpur, and was acquired by Donaco for $8.5 million in scrip in June 2013
More: http://www.proactiveinvestors.com.au...ess-53184.html
Previous discussion of OMI Holdings can be found in the OMI thread: http://ift.tt/1mW7jHX
Quote:
Donaco International to spin out mobile payments and banking technology business
Wednesday, February 26, 2014 by Proactive Investors
Donaco International (ASX: DNA) should trade higher after revealing plans to spin off its mobile technology business, iSentric, into a new company separately listed on the ASX.
Establishing iSentric as a separate ASX-listed company will enable it to receive the proper focus from investors, who have been eager to follow similar businesses operating in this space.
The iSentric business is cashflow positive, based in Kuala Lumpur, and was acquired by Donaco for $8.5 million in scrip in June 2013
More: http://www.proactiveinvestors.com.au...ess-53184.html
Previous discussion of OMI Holdings can be found in the OMI thread: http://ift.tt/1mW7jHX
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