Carnival Asset Management Company Limited (TiENCHAT) Announces KTL Technologies Limited Has Signed an MOU for Acquisition
August 28 2019 - 9:00AM
ADVFN Crypto NewsWire
Carnival Asset Management Company
Limited (TiENCHAT) Announces KTL Technologies Limited Has Signed an
MOU for Acquisition
Hong Kong Island, Hong Kong -- August 28, 2019 -- InvestorsHub
NewsWire -- Richard Symon, the Chairman of KTL Technologies
Limited, said that he was excited that TiENCHAT, an award-winning
startup company in blockchain technology and communications
decentralised application, will be established in Australia via
KTL. KTL has signed an MOU to acquire TiENCHAT. The companies are
working through the Australian Corporations Act requirements and
due diligence which will include conducting a general meeting of
KTL shareholders to consider the opportunity to acquire
TiENCHAT.
Figure 1: Team from TiENCHAT
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6493/47305_img2.jpg
Mr. Symon said that he has worked with William Tien, TiENCHAT
founder, in previous corporate transactions and believes that the
contemplated transaction will be in the best interests of KTL
shareholders.
About TiENCHAT (registered as Carnival
Asset Management Company Ltd)
TiENCHAT offers a free mobile messaging application (dApp),
built based on proprietary blockchain technology, known as T8T.
TiENCHAT's business model is similar to WeChat and WeChat Pay.
TiENCHAT messaging can instantly translate over 11 languages
including English, Chinese, Japanese and Korean.
TiENCHAT comes with a free blockchain-enabled wallet as a
premium function, that permits subscribers of T8T utility tokens to
conduct commercial transactions through a proprietary Point of Sale
(POS) system, and, cash withdrawal secured by a proprietary
biometric card within jurisdictions that TiENCHAT has partnered
financial institutions with licences. Messaging is encrypted and
secured using quantum resistance encryption.
TiENCHAT has been launched and based out of Cyberport, Hong
Kong. The company was founded by William TIEN, as a mobile E-Wallet
DApp in 2016. TiENCHAT is awarded as the Best Blockchain Start-up
Award in Bloconomic Expo in Malaysia on 16 August 2019 in
recognition of the positive impact on the blockchain sector.
William had listed his previous IT company in Australia 20 years
ago.
Contact:
Carnival Asset Management Company Limited
Address: Smart-Space FinTech,
Room 45, Unit 405-414,
Level 4, Core E, Cyberport 3, No.100,
Cyberport Road, Kennedy Town,
Hong Kong
Email: ceo@tienpay.com
Website: TiENCHAT.COM
About KTL Technologies Limited
KTL Technologies Limited was first listed in Australia Securities
Exchange (ASX) on 16 July 1987. The Company business focused on
industrial insulation, other insulation-related construction
activities and related industrial maintenance services, access
management, asbestos removal and the manufacture of polyurethane
and prefabricated insulation products. The Company was delisted on
Monday, 29 August 2016.
Contact:
KTL Technologies Ltd
ABN 75 009 089 981
9ABC, Level 9 443 Toorak Road
TOORAK Vic 3142
Telephone: +613 9021 9920
Facsimile: +613 9021 9929