October 10, 2017 / 5:38 AM / a year ago

BRIEF-Spice Mobility unit SGS to transfer entire stake in Omnia Pte Ltd to another unit SVS

Oct 10 (Reuters) - Spice Mobility Ltd:

* Co’s step down units ‍S Global Services Pte. Ltd, Spice VAS (Africa) Pte. Ltd entered into share subscription, purchase agreement​

* SGS to transfer its entire stake in Omnia Pte. Ltd, another step down foreign unit, to SVA against issue of SVA’s shares to SGS

* ‍omnia Pte. Ltd and its unit PT Spice Digital Indonesia will become units of SVA and step down units of SGS​

* ‍SGS stake in SVA will increase from 70 pct to 80 pct​ Source text for Eikon: Further company coverage:

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