PROPOSED ACQUISITIONS BY GHL SYSTEMS BERHAD OF UP TO 31.16% EQUITY INTEREST IN MPOS GLOBAL LIMITED FOR A TOTAL CONSIDERATION OF USD3,317,226

We refer to your Company’s announcement dated 7 November 2017, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1.        The basis for the subscription consideration of RM9.67 million for Proposed MPOS Vietnam Acquisition.

2.        The utilisation by MPOS of the balance RM3.04 million proceeds from Proposed Share Subscription.

3.        Explanation on the increase in revenue and LAT of MPOS Vietnam in 2015 and 2016.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,

TAN YEW ENG
Vice President, Issuers
Listing, Regulation

TYE/NZ

Cc : Market Surveillance Dept. , Securities Commission (via fax)