MOL Global (MOLG)

[ROCKHard]

News of Investment in MOL Global by Razer....
Singaporean-founded and San Franciso-based gaming hardware company Razer has acquired a minority stake in Malaysia’s e-payments platform MOL Global and appointed the latter as a master distributor of its virtual currency, zGold, in the Asia-Pacific. As part of this strategic tie-up, Razer has, through its wholly-owned subsidiary, ZV-Midas Pte. Ltd., purchased a minority 19.9 per cent interest in MOL Global, Inc. (MOLG) from its shareholders, Hotel Resort Enterprise Sdn Bhd (HRSB) and MOL Investment Pte. Ltd. (MOLI). Under the terms of the purchase, HRSB disposed of 10,565,865 shares representing 15.65 per cent equity interest in the issued and paid-up share capital of MOLG and MOLI disposed of 2,867,517 shares representing 4.25 per cent equity interest in the issued and paid-up share capital of MOL at an implied valuation of $100 million for MOLG. This strategic investment is expected to help propel the partnership to greater heights by enabling both parties to work towards the goal of establishing zGold globally as the de facto virtual currency for

Read more at: https://www.dealstreetasia.com/stories/singapore-razer-acquires-minority-stake-mol-global-75567/

The Current Updated Valuation of company is now @ $100,000,000 USD which divided by the 67,000,000 shares outstanding is about $1.49 per share.

So what has happened to the semi-annual reporting by company of it's accomplishments and financial results?

Does anyone here seeing this know any more? Please state what you factually know along with your thoughts and Comments.