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14-Aug2017

Spice Mobility's arm to purchase entire stake in PT Spice Digital Indonesia

Spice Mobility's step down foreign subsidiary- Omnia, Singapore ('Omnia'), has approved to purchase entire stake in PT Spice Digital Indonesia, ('Indonesia'), another step down foreign subsidiary of the Company, from Spice Global Services, Singapore ('SGS').

Consequently, 'Indonesia' will become a subsidiary of 'Omnia' and step down subsidiary of 'SGS'. All these three companies will continue to be the step down subsidiaries of the Company.

Spice Mobility is engaged in manufacturing mobile phones. Its products include smart devices, smart phones, networking phones, feature phones and archived phones. Spice Mobility operates as a subsidiary of Spice Group.


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