Macromac PLC Completion of investment in Skyztree (0006S)
July 02 2015 - 6:00AM
UK Regulatory
TIDMMACC
RNS Number : 0006S
Macromac PLC
02 July 2015
2 July 2015
Macromac plc
("Macromac", "the Company" or "the Group")
Completion of investment in Skyztree Sdn Bhd
The Board of Macromac (AIM:MACC), the AIM quoted company
principally engaged in the business of mobile messaging services
and software solutions, is pleased to announce that, further to the
announcement released on 18 May 2015, the investment of RM675,000
into Skyztree Sdn Bhd ("Skyztree") from Macromac Venture Ltd
("MVL") was completed on 1 July 2015. This investment has given MVL
a 25% stake in the share capital of Skyztree.
MVL is a wholly owned subsidiary of the Group recently
established to make strategic investments in early stage businesses
in areas complementary to Macromac's existing business
operations.
Skyztree, based in Kuala Lumpur, Malaysia, is a recently formed
private limited company with its main business being the
development of mobile applications. Skyztree recently launched its
first mobile application, First Smile, a parental application, in
beta version for Android phones. First Smile is a mobile
application designed for parents to capture, organise and share
precious memories of their babies. First Smile simplifies saving
memories of their babies and turns them into digital memories,
while making it easier for them to be shared with family and
friends. Photos within First Smile are organised in a chronological
order, allowing parents to revisit baby and toddlers memories again
in the future.
Further details on the investment are contained in the
announcement released on 18 May 2015.
For further information please visit www.macromacgroup.com or
contact:
Macromac PLC +603 7784 9488
Michael Lew, Chief Executive Officer
Andrew Khoo, Chief Operating Officer
Allenby Capital Limited (Nominated Adviser and Broker) +44 (0)20
3328 5656
Nick Athanas
James Reeve
Leander (Financial PR) +44 (0)7795 168 157
Christian Taylor-Wilkinson
About Macromac
Macromac is a group of companies headquartered in Malaysia
comprising two divisions. The Company aims to deliver mobile
content and web-based marketing solutions to its customers across
South East Asia. Through its proprietary MMP, the Company provides
Premium and Bulk Mobile Messaging solutions for corporate and
advertising campaigns, allowing its clients to better reach their
customers by delivering targeted mobile messaging. The Company also
develops project-based customised software solutions for its SME
clients.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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