REPL::General Announcement::Application for licence

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 01-Jul-2021 10:45:42
Status: Replacement
Announcement Sub Title: Application for licence
Announcement Reference: SG210701OTHRYYTE
Submitted By (Co./ Ind. Name): Lim Li Ching (Ms)
Designation: Assistant Company Secretary
Description (Please provide a detailed description of the event in the box below): Below is the updated announcement.

The digital bank joint venture between Grab and Singtel, together with a consortium of other investors, has applied for a digital bank licence in Malaysia. Based on the guidance provided by Bank Negara Malaysia, it is expected to issue up to five digital bank licences by the first quarter of 2022.