Mobecom Limited Undertakes Important Restructuring Exercise

Mobecom Limited (ASX: MBM), an enterprise engagement technology provider, is in the process of undertaking an important restructuring of its corporate structure. The company is going to close four of its Singapore subsidiaries and has also appointed Liquidators of two of its Australian subsidiaries.

·         The company is also planning to shut down the non-operating South African subsidiary, Airbux Cloud Currency Pty Ltd early in the new year;

·         The restructuring is another step towards the company’s stated objective of breaking even on an EBITDA basis during H2HY20.

·         The company is also planning to shut down the non-operating South African subsidiary, Airbux Cloud Currency Pty Ltd early in the new year;

·         The restructuring is another step towards the company’s stated objective of breaking even on an EBITDA basis during H2HY20.

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