InterBio is a private limited company established in 2017 in Singapore and is an investment holding company holding 99.0% of PT International Biometrics Indonesia (PT IBI), a leading identity management biometric software solutions company with strong execution experience and robust technology platforms.
Totm Technologies have proposed the acquisition of the remaining 49.0% shareholding of International Biometrics (InterBio), after first acquiring 51.0% shareholding in the total ordinary share capital of the company in April 2021.
The proposed acquisition is on an aggregate purchase consideration of up to US$46 million ($65.8 million) is to be satisfied via the allotment and issue of up to 470,470,000 new ordinary shares in capital at the fixed issue price of $0.14 per share, and is subject to the approval of the shareholders of Totm Tech.
