The Board of Directors of Silverlake Axis Ltd (“SAL” or “the Group”) is pleased to announce that the Group’s financial technology solutions are powering the newly launched Growth Accelerator Platform (GAX).
GAX is a digital economy offering launched and funded by a Silverlake private entity controlled by SAL’s controlling shareholder, Mr Goh Peng Ooi. The platform will be rolled out in phases, with the first phase to be carried out in Malaysia.
Launched at the ASEAN Business and Investment Summit 2015 on 20 November 2015, GAX caters to the needs of ASEAN micro, small and medium enterprises (MSMEs). GAX aims to provide ASEAN MSMEs with accessible financing, simple and low-cost payment solutions and supply chain services that enable them to plug in to cross-border trade and production networks through the GAX digital platform.
The Group’s solutions and services relating to the GAX platform will be contracted for in accordance with the Interested Persons Transactions General Mandate, as approved by SAL’s shareholders on 26 October 2015.
BY ORDER OF THE BOARD
Kwong Yong Sin
Group Managing Director
30 November 2015
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